Citicard Settlement at 45%

Delinquency of 77 days is nothing. One, generally, gets the best settlement rates when they are delinquent for at least 130-150 days. But, it depends.

Citi stuck to 45 percent with me past 120 days, then got them to
drop to 35 percent. Keep the good fight up and look for the ph. number
on here that people reccomend.

Greetings "[URL="http://www.debtconsolidationcare.com/forums/member.php?u=233178"]A Goli[/URL] " and welcome to the forums.

Let the citi folks stew a little longer and you'll get to 35%.

It will usually be 120 days or longer before they cave in.
Good Luck and keep us posted.

Regards,
King "Kash" Jabba Labba

I got a call from chase on my office number, not sure how they got it. Called back on the same number ( verified the number)...spoke to a lady ..after explaining my financial situation ....she offered me 50% settlement...didn't accept it....after 15-20 mins of negotiations.. she came down to 40%.....

Thought a nice deal and accepted offer...she said she will send the offer via fax..
Expecting the fax tomorrow...

This is my first settlement with any credit card, could you guys tell me what measures should i take when i pay the settlement money..

Thanks to this group for all the suggestions.

Greetings A Goli,

I set up a separate checking account.
Let the original creditor draft it (not a collection agency).

Chase was really easy to do.
Congrats on your first slaying, you'll be riding high for a few days.

Please keep us posted on your progress.
King "Kash" Jabba labba