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Has anyone settled on a Home Depot C.C. account?

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I am trying to settle on a Home Depot Credit Card account. The first offer I had was 50% of a 15k balance. Is that decent or should I hold out for less? Thanks




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Sub: #1 Home Depot is under the CitiGroup umbrella who tends to be more
Wed, 01/21/2009 - 22:29

Home Depot is under the CitiGroup umbrella who tends to be more an aggressive creditor. Settlements between 40-50% are typical with them. I'd maybe try to shoot a little lower, and if they budge that's pretty decent.




arb
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Posts: 147
Credits: 2789.45

Sub: #2 wow..my Home Depot account (Citi) went to a local law firm who s
Thu, 01/22/2009 - 01:04

wow..my Home Depot account (Citi) went to a local law firm who sued me. Only offered about 80% on a balance of $8000. Didn't have that so now I'm paying off balance in full over 24 months since they got a default judgement against me. At least it's 0% interest. If I had the 50% I'd settle it...




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Sub: #3 Home Depot Write Off
Thu, 01/22/2009 - 02:05

How many payments were you delinquent?




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Sub: #4 I settled with Citi/HD for 57% at 78 days. I might have done be
Sun, 11/15/2009 - 13:41

I settled with Citi/HD for 57% at 78 days. I might have done better by waiting, but balance was only 1,600 and wanted to get my first card out of the way. I settled with Chase right after Citi for 45% ($35k at 69 days and $9500 at 37 days.




love_my_things

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Sub: #5 keep in mind you can still negotate a settlement after judgement
Mon, 11/16/2009 - 06:48

keep in mind you can still negotate a settlement after judgement if that happens, but citi plays hard ball usually when they are done negotiating they are done and they sue you. they are horrible i tell everyone never to have a citicard. but i would try to see if they can do a little better counter them with maybe 40% see what happens.




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Sub: #6 kb
Wed, 03/03/2010 - 06:47

We just got a notice to appear in court on our Citi-Home Depot card? Should we try to settle? Do we still have a chance? Anyone know what to expect?




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Sub: #7 Home Depot Citibank Settled with me at 30%. My Balance was 12,16
Wed, 03/03/2010 - 07:47

Home Depot Citibank Settled with me at 30%. My Balance was 12,164 and they sent me an offer letter for 3,649. Paid it off.




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Sub: #8 My Home Depot account went to Kramer & Frank PC. Has anyone deal
Thu, 04/08/2010 - 01:13

My Home Depot account went to Kramer & Frank PC. Has anyone deal with them before and the statute of limitations for my state is 3 yrs and this account has not had a payment on it since late 2006. Can they still come after me for this due to the statute of limitations? Help me




dantheman

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Sub: #9 My friend settled with Home Depot at 50%.
Thu, 04/08/2010 - 06:28

My friend settled with Home Depot at 50%.




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Sub: #10 How to start the process of settling debt with home depot
Mon, 10/18/2010 - 05:43

how do you start the process of asking home depot to settle the debt. i owe $17K and am now unemployed .. where do I start? Do I write a letter




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