citi refusing to budge- chargeoff and then back to citi
Date: Fri, 08/31/2012 - 15:01
What are my next steps? I can't afford more than 25%, and I've begged them..
Sorry but no one is going to take 25%, especially Citi. Try to g
Sorry but no one is going to take 25%, especially Citi. Try to get on a payment plan for 45%, see if they accept that.
Citibank never settles that low ....they would rather sue you wh
Citibank never settles that low ....they would rather sue you which they do quite frequently,
Mike - I responded to you with some questions on a different thr
Mike - I responded to you with some questions on a different thread you started. This thread has more detail and answered some of my questions on the other thread.
What is the balance of the account?
Citi currently targets 45 to 50% as the floor on settlements. There are instances Where you can get lower, but documenting hardships may be required.
Can you budget a settlement for 50% of the balance paid in installments of say 3 to 6 months?
There is also the chance you will get a more flexible deal worked out with whoever the account is placed with next (by flexible I am not necessarily talking about % of savings - but more flexible and longer payment terms).
