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What shall I do?
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Posted by Rod on August 31, 2001 at 08:49:19:
citibank account $760 went deliquent on July 1997. Was bought by Gulf Credit then Arrow financial. This account grows to $3004 May 2001 to $5500 as of now. I had tried settling this account for 50% but with no success. Arrow Financial want me to pay 90% lumpsum or $125 a month for $5500 with 7% interest rate. Shall I pay the monthly or wait till I get sued. I need your help for this matter. Or shall I file BK. I know this account run out of SOL. Do you think I can get favorable by the judge if I went to court. thank you very much.
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