Re: CITI

Posted by Final Notice (67.34.160.96) on April 17, 2004 at 22:15:11:

In Reply to: CITI posted by Roger on April 16, 2004 at 22:24:53:

When My account got close to SOL I got two offers from them, one to use my taxes to settle for +/- 60% and later one to settle for 55%.

I also tried early on to negotiate and got no response. It turned out to be a blessing as I almost lost it all trying to meet the high $$$ keep us from suing you, keep your credit clean plans.

I finally told every one this is what I can afford period, take it, leave it or sue me - BUT I will no longer compromise the house, car, lights, water and basic needs or rob Peter to pay Paul just to appease you this month.

I agree settlement is best if you have the $$$ and it's a realistic plan. I had to have a big reality check on over committing - even on hardship and settlement plans.

Everyone called for a while and apparently decided that I didn't have it to take and just gave up.

Good luck, I'd say sit tight and eventually they'll either appraoch you with their own offer or just sell off to a CA. Could sue you but that doesn;t seem to be the norm.

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