Citi Card Debt
37,000 in CC debt on one card from Citi (last 5000 in fees and interest alone since i stopped paying)
as of today...112 days late...
my income was significantly reduced and not going to improve significantly in the next 6 months
i do not own a home, or car
i have avoided all calls from them however, now feel that i want to do something
Which department of citi should i negotiate with.... and should i do this myself or have someone else do this and if so who?? lawyer.or can u recommend a firm....what would a reasonable settlement be?? would they allow me to begin a payment plan that begins in August or September?? how does this work??
thanks
You should contact the customer care department of Citi and try
You should contact the customer care department of Citi and try to negotiate with them in order to settle your debts. You can check out the given page in order to know the steps to settle your debts on your own: http://www.debtconsolidationcare.com/steps.html . You can try and lower your balance amount by around 40-60%.
In case, you're unable to negotiate with them on your own, then you can contact a debt settlement company for the same. They will negotiate with your creditor and help you in settling your debts. You can check out the ranking chart available in this website in order to find the names of some of the debt settlement companies.
Have you received any collection calls or letters from CA's yet?
Have you received any collection calls or letters from CA's yet? If your account has been assigned to a CA, you will have to negotiate with them .
You have to decide whether to pursue a settlement or a payment plan....you cannot do both. They will not give you a settlement and then let you make long term payments to pay it off.
Do NOT waste money on a settlement company...,do it yourself and save the $$$!
You should at least try to negotiate and set up a payment plan t
You should at least try to negotiate and set up a payment plan that suits your budget. In order to make it work, you'll need to have a good understanding of your current financial obligations, so that you could explain your financial situation to your counselor. If you can't achieve a good repayment plan, go ahead a try a settlement program. There are so many credit repair companies these days, but make sure you read through their accreditation and testimonials before you sign up.
Though you have to pay a professional fee, yet you can get help
Though you have to pay a professional fee, yet you can get help from a settlement company if you're not sure whether or not you'll be able to negotiate on a good settlement deal. However, while doing so, make sure you choose settlement company which has at least 5 years of relevant experience.
