Settlement Offer to Citibank ????

Discussion in 'Credit Talk' started by robinsc, Aug 7, 2003.

  1. robinsc

    robinsc New Member

    I have a charged off account with Citibank for $2694 (12/02) that I would like to make an offer to settle with them. It has been turned over to National Finanacial Systems for collection, but I would like to settle this directly with Citibank so that we may purchase a house in about 2 years. I'd like to offer to settle for $1000. Can anyone here tell me where to get a good settlement offer letter from and what should and should not be included in this letter.

    I've heard that you are unable to get a mortgage with a charge off showing so I would like to get this cleared up now and hopefully have it deleted or maked "paid as agreed". Anyone had any luck getting Citi to do that?

    I am in SC and this is well within the SOL.
  2. fab5

    fab5 New Member

    You can get a mortgage with the paid charge off account. You will just need to explain why it was a chargeoff account.
  3. Hedwig

    Hedwig Well-Known Member

    If you don't pay the full amount to Citibank, you can forget ever getting a card from them again.

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