Anyone familiar with working with Citicard's Recovery department? I called Citi for the first time today after 115 days late on both accounts.
$14,972 - 1st card $8900 - 2nd card
They sent me settlement offeres two months ago that were 45% of my balances. Today, I spoke with a rep who gave me 55% option on both, but then came back on the line and said she really can't do anything because it's being transitioned to Recovery. Will they do me better or worse?
She said that both accounts are "pre-litigation". Anyone know any tips with Citi that I can use? I'd like to get them both down to 40%... if so, I can probably pay the smaller in a lump sum. The larger, I'd have to do payments. Anyone get Citi to go more than 3 months on their payoffs? Thanks!
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.