CitiCard Pre-Litigation Letter
Date: Thu, 02/23/2012 - 16:57
I am at an impass with Citi with about 20 days till charge off. I have offered them about 30% and they will not budge from 45%.
Now I have gotten a letter today stating the following:
"Unfortunately we have been unable to establish an acceptable arrangement for repayment of the above, blah, blah. Unless such an arrangement is established within 30 calendar days from date of this letter, we will refer your account to an attorney licensed in your state for further collection efforts including a possible lawsuit to obtain a judgement."
If the account is sent to to an attorney, what happens next? Will I get sued right away? Do they try and settle also? Does Citi try and settle right before this point?
The CitiCard settlement department would not answer my questions about this.Thanks.
Now I have gotten a letter today stating the following:
"Unfortunately we have been unable to establish an acceptable arrangement for repayment of the above, blah, blah. Unless such an arrangement is established within 30 calendar days from date of this letter, we will refer your account to an attorney licensed in your state for further collection efforts including a possible lawsuit to obtain a judgement."
If the account is sent to to an attorney, what happens next? Will I get sued right away? Do they try and settle also? Does Citi try and settle right before this point?
The CitiCard settlement department would not answer my questions about this.Thanks.
You can do a search of this forums as to other people's experien
You can do a search of this forums as to other people's experience with Citi. However, Citibank does have a strong history of litigation.
