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Citibank just settled w/me for 25%

Date: Fri, 01/15/2010 - 13:49

Submitted by jacqueline
on Fri, 01/15/2010 - 13:49

Posts: 27 Credits: [Donate]

Total Replies: 3

Citibank just settled w/me for 25%


Oh wow..what a relief! This was the largest of my 4 cards that I defaulted on. The balance was $51,500. We settled for 3 monthly payments of $4300.00 Just under $13,000 total, or 25%.

And it was THEY who sent me the settlement offer. :)

3 more to go...

Yay for me and this forum!!!!!!!!!


I'm about the same, 120-150 days late. I'm not sure why I was offered a settlement and such a decent one, but I did ask the woman on the phone what made them decide who to choose, and she said she had no idea. All she knew is that I had that preapproved settlement offer letter and so she could do it whereas she would not be able to settle for that in normal circumstances. Wish I could be more help.


lrhall41

Submitted by jacqueline on Fri, 01/15/2010 - 20:56

( Posts: 27 | Credits: )