Posted on
January 15, 2010
at
4:03 pm
Hello. I am $13K in debt with Citi. I am not delinquent - all payments have been made on time. But I lost my job a year ago and have been trying to get hired again and have had no luck. My parents now don't have jobs either, so my financial situation has become pretty bad. I was thinking about letting my account go delinquent for the next three months, attempting to negotiate a full and final settlement with Citi, and then if that was rejected, attempting to negotiate a settlement with whatever collection agency they will sell my account to. But I'm afraid of going about this process. Will I get sued? I would appreciate advice. I wouldn't have resorted to this type of resolution if I had any way of paying back my debt or making future payments. This is the only viable option I have left. NOTE: Please do not suggest that I work with a debt negotiation company. I have already looked into many of them and will not be going that route. I would rather struggle through this on my own then pay the thousands of dollars extra that they ask for in return for their "services."
Posted on
January 15, 2010
at
9:39 pm
Its really very hard to survive for a long time with out job, i can understand you but i will recommend you to go for some reference job or home business which you can start at your home, that will be really very good, check your remaining balance of account and tell us, its possible some one can recommend you a good idea.
Posted on
January 19, 2010
at
11:15 am
I went the route of do-it-yourself debt settlement with great success. I reduced $212,000 in debt to just $15,000 in about a year and had over $130,000 written off entirely. I did not use an agency as I didn't want to pay their fee or rely on their services. I wrote a book about my experiences and a free report for people just like you, called An Introduction to Do-It-Yourself Debt Settlement. It's absolutely free, you don't even have to enter your email address. Just click and read good information to answer your questions.
http://tinyurl.com/yflt7yc
