Re: Citibank Collector threatening to sue
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Posted by Peg Leg
(126.96.36.199) on November 09, 2003 at 13:51:37:
In Reply to: Re: Citibank Collector threatening to sue posted by me on November 08, 2003 at 13:47:49:
The company was NCO Financial Systems and I just got the letter that they said they had drafted.
"We have been unable to come to an agreed repayment plan with you regarding this debt. We are authorized to offer you a settlement for less than the full balance on your account. Unless we enter into a mutually acceptable agreement, the account will be returned to Citibank for review for referral to an attorney licenced in your state."
What a pain dealing with these people. I tried to reach an agreement with them, I offered to pay the full balance over time and they refused.
Now that I have this letter, any suggestions on what I should do. I have some questions:
Should I offer a lessor amount and if so, what should I offer? The debt is between 4500-5000.
If I do reach an agreemnet with them for the debt, what guarentees should I get regarding my credit report? How will it show up, from them and from citibank.
If I cannot come to an agreed upon settlement with them, should I call Citibank directly and try to negotiate with them.
Finally, should I report them to the FTC and Attorney General for the false threats on the lawsuits.
Some general advise would be great as I have never been in this situation before.
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