Hi everyone! Thanks for taking the time to read this post. I am so nervous about a $25,000 debt that I owe to Citibank. Currently it is almost 90 days past due. If I can avoid being sued, I should have enough for a 50% settlement by September. Obviously this is 7 months away! Has anyone out there been able to avoid being sued by Citibank for that long of a time period? I am especially worried because my balance is so big. I have been staying in contact almost weekly with Citibank and explaining to them that I am having a really hard time financially. I am so stressed out about this it is effecting my sleep and overall health. Can anyone please offer advice or let me know of any experiences you have had with Citibank? Thank you so much!!!
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.