Please help with my outstanding debt with citicard :(
Date: Sat, 11/24/2007 - 09:41
I have a Gordons jewelers account with citicard. The original amount was $850. Under my wrong assumption, I thought the monthly payment would be coming out of my check card, cause that is what the sales woman told me to do. Four months later, I find out that my account has been late for about 3 months.
I have payed them $100 here, $40 there, $80 there, each month, meanwhile my balance rarely changed. My current balance is $767, and two months ago a supervisor called me and told me that he would take my entire bill down to $400, but I had to pay right then and there. I couldnt, so he said he would call back in two weeks. Well, he never called back. Two months went by, trying to find out what call center this supervisor is from.
I just got off the phone with another supervisor, and he told me that the lowest he can go is $600. I asked "if my balance was $753 two months ago when the $400 payoff was granted, and now my account is $767, how can you offer me a $600 payoff? A $14 account difference between the months, and you give me a $600 payoff??"
He said that number is one generated from the computer...it differentiates all the time.
Now, my question is if there is any way I can try and get my payoff down to the $400 mark? He said that offer was void after that week ended. Its just unfair...because I am young and stupid, because of the finance charges my balance is back up to almost the original price of the balance! I have no idea what to do. I cant believe this is legal, them just stacking on late charges. Its ridiculous. ANY advice is appreciated!
If you are wanting to settle rather than pay it off, you can mak
If you are wanting to settle rather than pay it off, you can make an offer to them. I wrote a creditor of mine a letter saying that I had xx dollars to pay a creditor. If they wanted to take that as paid in full, I would pay them- otherwise I would offer this to my other creditors, and to sign the letter if they accepted this as PIF-they did. Now they wouldn't report it as PIF, but paid as agreed on my credit report- so you take a hit there. I also put in my letter that they agreed not to sell the remaining balance owed, and this debt was paid-I sent it certified, return receipt, and kept copies.
On another card, the balance and interest kept climbing, and I asked if they could drop my interest,fees, etc., so I could get it paid off, and made payment arrangements, and that has worked for me with other cards as well.
Good luck to you, and feel free to ask questions..karen :D
