IrishEyes Posted April 3, 2003 Report Share Posted April 3, 2003 My computer is 3 years old and cost $1600 when we bought it brandy new from Gateway. Through the perils of not paying your bills, I enrolled them in CCCS to get the acct under control and try to pay it off. Well at their generous rate of 12.9% through CCCS (which I suppose is better than the 25% it was!), I have barely paid it down. We still owe $1300!! Anyway, we want to use our tax money to get rid of it and I need some advice on the best approach. It is listed on CR as having 17+ lates and as in CCCS. Obviously since finding all these great boards to enlighten and inspire me, I will not pay without deletion of these derogs and putting the acct on the positive side of the chart. My questions: 1. Should I offer less money and deletion of lates or just pay what I owe- which will they be more willing to work for? 2. Who do I contact to get this accomplished within the company? What dept? 3. Do I write a letter that they sign agreeing to my terms or do I need something on their letterhead? If it makes a difference, it is still with OC and the bank is Citibank USA, NA. It wasn't charged off either.How do I figure out what settlement amount I should start with? Original amt $1600, been paying for 3 yrs, still at $1300. Looks like they got plenty in interest so far! Any help is greatly appreciated! Link to comment Share on other sites More sharing options...
bingo Posted April 3, 2003 Report Share Posted April 3, 2003 Your best bet is to pay Citi what you owe either thought CCCS or, just use your refund and pay them.You've no leverage. Citi won't deal as long as you're current. In fact, CCCS is sponsored by lenders and all of the info you gave CCCS about your finances, Citi has it as well. They've also been pretty patient with you by agreeing to the CCCS program. They didn't have to do that. I've seen on quite a few boards that Citi is pretty aggressive in filing lawsuits. They've your contact info, they know you've money and, they know your credit score is important to you. They'll likely let you rack up even more lates and then sue you and let you deal with a judgment.I'm sorry, but I just don't buy the idea of,"I've paid them plenty of interest". You knew the terms going in. You know the longer you finance something the more interst you pay. Why did you borrow the money if you found the terms too high? I fail to see why Citi owes you any favors. Link to comment Share on other sites More sharing options...
IrishEyes Posted April 3, 2003 Author Report Share Posted April 3, 2003 Thanks for the FACTS on Citibank<blockquote>Originally posted by bingoYou knew the terms going in. You know the longer you finance something the more interst you pay. Why did you borrow the money if you found the terms too high? </blockquote>Spare me the lecture and judgement. If I needed a morality check, I would have consulted my mother. Link to comment Share on other sites More sharing options...
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