KAM5 Posted February 20, 2009 Report Share Posted February 20, 2009 I am being sued by Citibank. I tried calling them to discuss the account and was transferred directly to their attorney who is suing me. He advised me to fax him a "detailed hardship letter". I have looked online at many samples of hardship letters, but am having trouble figuring out how to do it based on the fact that we just got ourselves in trouble over the years with credit cards and I don't have a specific "hardship" to list as a reason. Our income has continuously gone up, no medical or health expenses or problems. We have overspent by living beyond our means and when the interest rates got raised to 30% + on many of the cards we were not able to make payments and it just spiraled from there. I am not sure how to explain this as a hardship. We took money out of savings and 401k to pay credit card payments and that was a terrible mistake. We have nothing left and now we are being sued and can't make any of the payments to the creditors.What can I put in the letter?Thanks. Link to comment Share on other sites More sharing options...
playmaker Posted February 21, 2009 Report Share Posted February 21, 2009 Citi's stock is trading at 1.95 don't give money to a insolvent company. Just work and save and keep your money!! I personnal would avoid being served or worst cast file Bk. The most important thing to remeber is time is on your side not Citibank Link to comment Share on other sites More sharing options...
debtmamma Posted February 22, 2009 Report Share Posted February 22, 2009 Why does it matter if they are solvent or not? Link to comment Share on other sites More sharing options...
Recovering Attorney Posted February 22, 2009 Report Share Posted February 22, 2009 Don't spend too much time thinking about what you say. Citi is on the brink: this can work to your favor. Make them a cogent offer. They will take it. Link to comment Share on other sites More sharing options...
debtmamma Posted February 22, 2009 Report Share Posted February 22, 2009 Ohhh Now it makes sense! Link to comment Share on other sites More sharing options...
KAM5 Posted February 23, 2009 Author Report Share Posted February 23, 2009 I faxed the letter on Friday, supposed to get a response today on whether or not they accept the settlement offer. I was served papers already, I am trying to avoid going to court. I'll update when I get an answer today. Link to comment Share on other sites More sharing options...
astiman Posted February 23, 2009 Report Share Posted February 23, 2009 If you were served you have to ANSWER the lawsuit. Link to comment Share on other sites More sharing options...
KAM5 Posted February 28, 2009 Author Report Share Posted February 28, 2009 If you were served you have to ANSWER the lawsuit.I did respond with general denial as my original answer, but I haven't responded to their discovery requests yet, I have 50 days to do that and was hoping I could get this settled before then. Link to comment Share on other sites More sharing options...
KAM5 Posted February 28, 2009 Author Report Share Posted February 28, 2009 I faxed the letter to the attorney, it was received and I was told I would get a response by Monday of this week. I didn't get any response, so I called the attorney today (Friday) and spoke with him briefly. He put me on hold for a couple of minutes while he was pulling up my file and then told me he would call me right back in 5 minutes. He never called back. Should I call him again on Monday or wait it out? I was wanting to hurry up and get this settled before I have to answer the discovery requests. I have 50 days to do that, but the days are going by quickly at this point.I am not sure what to think at this point. Link to comment Share on other sites More sharing options...
astiman Posted March 1, 2009 Report Share Posted March 1, 2009 Call your atty on Monday....imperative you find out exactly what's going on..... Link to comment Share on other sites More sharing options...
Recovering Attorney Posted March 3, 2009 Report Share Posted March 3, 2009 make sure you answer the complaint and do some discovery demands of your own. You have to prepare to fight regardless of your wanting to settle Link to comment Share on other sites More sharing options...
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