Sears (Citibank)

Date: Wed, 07/20/2011 - 05:08

Submitted by jbare
on Wed, 07/20/2011 - 05:08

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Total Replies: 4

I was in a ccc program with CareOne from October to February. I wasn't behind when I started with them but when I started to pay them my bills got behind because it took forever for the creditors to accept the proposals. So I decided to drop them which in turn now has me behind on my Sears card only. I called each one of my creditors and made arrangements with them...some gave me 0% interest until paid off (which was better then what CareOne did) but Citicard will not work with me. They now want a minimum payment of $750.00. I have been paying them $150 a month (with the CareOne it was $149) and of course they continue to call me almost everyday. The only number they have is my work number so at least they don't call me at home. They insist that they can't work with me and their are no programs available. I told the person I spoke with yesterday that it is going to come to the point of where I won't pay at all and then we'll see what happens. I have about $14,000 of cc debt. I did settle with Discover on my own. I want to pay off all my debt...should I stop paying Sears a.k.a. Citi and get some of my other debts paid off and wait and see if they offer me a buyout? Can they take me to court for $6500? Not sure what I should do. Any suggestions are appreciated.

Citibank can and will sue you for $6500...I have seen them for d

Citibank can and will sue you for $6500...I have seen them for do it under $1000. Citi is extremely agressive...if you look thru the forum here you will see that citi files a lot.

lrhall41

Submitted by SOAPLADY on Wed, 07/20/2011 - 05:45

( Posts: 17315 | Credits: )

We had about $8K with Sears/Citi and at about 120 days late they

We had about $8K with Sears/Citi and at about 120 days late they turned us over to their recovery department (law firm of Allen Adkins). We just settled @ 50% as I was concerned about them filing a lawsuit. Is the account still being handled by Sears/Citi or has it been turned over to someone else?

lrhall41

Submitted by gawe on Wed, 07/20/2011 - 14:15

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The chances of a lawsuit during the first 6 months of non-paymen

The chances of a lawsuit during the first 6 months of non-payment are negligible, and you can use that window of time to negotiate a much better deal.
What % did you settle with Discover for?

lrhall41

Submitted by options on Fri, 07/22/2011 - 08:09

( Posts: 64 | Credits: )

It was still with Citi but they have not called me in 2 weeks no

It was still with Citi but they have not called me in 2 weeks now so I wonder if it was turned over to another collection firm. Today my payment is due. Really can afford it since I am supposed to be going to physical therapy 3x a week for 4 weeks at $20 a visit. Which is more important??!! I am so confused on what to do at this point.

lrhall41

Submitted by jbare on Mon, 08/01/2011 - 08:47

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