Debt settlement with Citibank

Wed Jul 20, 2011 12:07PM

I met an old friend whom I hadn't seen for quite sometime, at the 4th of July party. After having a few beers, he told me the story of a debt settlement with Citibank. Both, he and his wife got...

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Can I settle with credit card company with no late payments?

Mon Jul 11, 2011 11:07AM

Q: Pulled credit scores through myFICO, and I have 752 and 779. I have 5 relatively small credit card balances, all under $1,000, and one large one for $17,800. I want to settle with credit card company for around $3,000....

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Should I pay off my credit card debt with retirement money

Tue Mar 8, 2011 12:03PM

Q: We have $28,000 in credit card debt. I am not working, husband does but with all the bills and 20% salary cut since June, he makes barely enough to cover everything. We are renting and have around $45,000...

Stop paying credit cards - what happens with debt and you

Wed Feb 23, 2011 11:02AM

When it comes to advise on credit card debt, you can find plenty of rubbish around the web these days. Just a few days ago, someone I know very well decided to stop paying credit cards. She thinks she knows...

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How to answer a credit card debt summons

Tue Feb 1, 2011 10:02AM

This is all I hear, summons there and summons here. Unlike the house which you can still walk away from in most cases, with severely damaged credit history, delinquent credit card debt will more than often damage your paycheck and...

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Summons for credit card debt

Thu Jan 27, 2011 01:01PM

My friend daughter just received a summons for credit card debt. The not so little 24-year old girl simply has not paid on the credit card since her sophomore year. Now, gainfully employed for almost 2 years, she is ideally...

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Settling credit card debt already in collection with original creditor

Thu Jan 13, 2011 10:01AM

What about settling credit card debt which is already in collection, with original creditor? Or any type of debt like payday loan, unpaid medical bill, etc? Some borrowers look at this as a way of getting that dreaded collection record...

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Defaulting on credit cards, can you just stop paying?

Sat Dec 25, 2010 05:12PM

I have met a few people recently who are in a very bad financial shape. They all accumulated too much of credit card debt while their incomes have drastically decreased due to economy. So the whole group seriously contemplates just...

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Should I pay to debt collectors, pay credit cards, declare bankruptcy or what?

Fri Oct 1, 2010 11:10AM

I was asked this question by the family friend the other day. The kid is 27 years old, educated, works for some Chase Commercial division downtown, makes $110,000 a year and has debt collectors calling. Besides he has other...

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American Express debt settlement

Sat Sep 18, 2010 02:09PM

Q: I tried to settle with American Express. My outstanding debt with them is around $8,000. I am having cash flow problems and while this account is still in perfect standing, it will not be too long before I...

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Settling credit card debt with Chase - why settle?

Wed Aug 18, 2010 10:08PM

Q: I have two Chase credit cards with total debt of $27,000, around $12,000 and $15,000. Think of settling this credit card debt and can not decide if I should go with a debt settlement company or do it...

Sued for credit card debt

Sun Aug 15, 2010 09:08PM

Got several credit cards and decided to go on a shopping spree. Big deal, it is an unsecured debt after all. I can not be sued for credit card debt, there is no collateral, what they going to do to...

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Utah statute of limitations on credit card debt

Thu Aug 5, 2010 12:08AM

Q: What is the statute of limitations in Utah for credit card debt lawsuits? Is that a written contract or a promissory note type? Which stature I should look at? I owe $2,000 in credit card debt for quite...

Credit card debt relief in Illinois

Tue Jul 27, 2010 11:07PM

Q: I am going back to school and moving in with my parents. I am also selling my condo in downtown Chicago to pay off credit card debt and live on. I owe around $25,000 to various credit card...

Negotiated credit card debt reduction, but is asked for more

Mon Jul 26, 2010 02:07PM

Q: I managed successfully or so I thought, to negotiate a credit card debt reduction with Capital One, down to $1,800 from $7,000. That was almost a year ago. Yesterday, I received the letter from Capital One collection department...

Divorce and credit card debt

Tue May 18, 2010 04:05PM

Before we proceed with the question and answer post pertaining to divorce and credit card debt, I want to drive home a very important point. No matter how much in love you are, at least at the beginning, keep your...

Credit card debt statute of limitations does not reset after moving to a new state

Fri May 14, 2010 10:05AM

Q: I recently moved to Texas from Arizona. I have credit card debt with Citibank that is almost 3 years in default. The statute of limitations on credit card debt in Arizona is 3 years while in Texas it...

Negotiate credit card settlement, how to settle credit card debt on your own and for less than you owe

Tue Feb 9, 2010 08:02AM

Reader experience update: I tried to negotiate what I thought was a fair credit card settlement with Discover. I have been a card holder for more than 6 year. I lost my manager position in the bank closed by Fed...

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Credit card debt sold to collection agency

Fri Oct 16, 2009 11:10AM

Q: I divorced almost 8 years ago and have had few bad things on my report from that time period, mainly credit card debt that was subsequently charged off, but nothing negative since. I am looking to buy a...

How to eliminate credit card debt legally, fast

Wed Sep 23, 2009 01:09AM

I received this email from a reader who shows the simple and straightforward way how to eliminate credit card debt and do it legally and fast. It did take extra effort and few sacrifices, but he will be debt free...

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Best way to pay off credit card debt

Sat Jul 25, 2009 12:07AM

I am often asked this question, what is the best way to pay off credit card debt. My answer has always been - give me some details. Like how many credit cards you want to pay off, what are the...

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Negotiate credit card debt - how to renegotiate credit card debt yourself

Thu Jul 9, 2009 03:07PM

Credit card debt is quite a burden, isn't it? For individual like yourself but also for economy. Since our economy has been stagnating at the very least and is based mostly on your spending, you should negotiate credit card...

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Paying off debt fast - how to pay off credit card debt quickly

Mon Mar 23, 2009 03:03PM

Everyone wants to pay off debt fast. I would suggest to try paying of your credit card debt in sizable chunks, instead of doing it gradually. Generally, when it comes to debt elimination plans and strategies, virtually everyone advocates paying...

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How to lower credit card interest rates - can you today

Mon Mar 2, 2009 08:03PM

reduce interest rates on credit cards? Everyone thinks it is rather easy. But really, jokes aside as it isn't a joking matter for many, how can you get your credit card issuer to lower interest rates? There were times when...

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$20,000 in credit card debt, but debt relief isn't coming fast enough

Wed Jul 30, 2008 12:07PM

Q: I have $20,000 in combined credit card debt and has paid on time. I lost my job 2 months ago and am about to miss few payments. I worked as programmer for 3 years after graduating, and my...

Debt relief question on credit card debt

Fri Jul 11, 2008 03:07PM

Q: We need some debt relief and we need it now. Have about $36,000 in credit card debt, besides mortgage, cars and small school loan. We are still current on credit cards but I feel we are about to...

Credit card debt in collection

Tue Mar 25, 2008 09:03PM

Q: I have got a $4,700 credit card debt in collection. That was an old American Express card, that went to a collection agency roughly 8 months ago, and I am about to start paying it. The problem is...

Hardship program with Chase MasterCard

Wed Feb 20, 2008 10:02PM

Q: I have been under hardship program arrangement with Chase MasterCard for 15 months and have another 9 months to go. Couple days ago someone called me from Aargon Collection, asking me to settle $3,500 left with Chase for...

Debt to American Express, collection agency and debt negotiation

Fri Dec 7, 2007 11:12PM

Q: I have $3,200 in debt on an old American Express, it went to a debt collection agency that I just about to start paying. My credit report shows the $3,300 debt to the AE and then another $3,300...

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Withdraw from 401k to pay off the credit cards

Sat Apr 7, 2007 06:04PM

Q: I am $30,000 in credit card debt with $52,000 in my 401k and currently unemployed. I need to get out of debt. The job market in Michigan right now is very bad, and paying off the credit cards...

Get out of debt with Citi Simplicity credit card - carefully

Tue Apr 11, 2006 01:04PM

City Simplicity can help you to get out of debt, or at least reduce it. Citi Simplicity is Citibank credit card that we wrote about in our Bad Credit Repair online magazine back in October when Citibank just announced this...

Lower debt with American Express Blue credit card

Tue Apr 11, 2006 11:04AM

American Express Blue credit card is offered right now on the very best terms. Of course as with any credit card you must be careful. We wrote on using great credit card offers to lower debt with credit card swapping....

Statute of limitations on credit card debt in Alabama

Wed Jan 25, 2006 11:01AM

Q: Where can I find the statute of limitations on credit card debt? I live in the state of Alabama? A: Credit card debt is the Open-ended Account type in Alabama, so the statute of limitations is 3 years...