I received a letter from Suttell & Hammer, P.S. It

9 Answers

EVERYONE - go to oppt.com and become informed! Remember who you are and take your power back. They never loaned you any money! THEY are the debtor - you are the creditor. We have been duped into believing they gave us money and we owe them! WRONG! WATCH THE MOVIE: "MONEY AS DEBT" AND BECOME INFORMED OF THEIR SCAM. It is free to download and watch on the internet. Watch it and take your power back!


So to summarize:

1) make sure you have no remaining US bank accounts;

2) try not to work on W-2 wages at all, which are reported through the State;

3) have no DMV records which indicate vehicle is worth more than about 2000 USD.

Then you can stabalize. My hope is in the long term Citi will actually disclose details of repayment offers to the debtor in advance of the trial (since they do this during the trial under oath under and pain of perjury but without your knowledge). This would save them a great deal of money and help expidite real repayments to the bank and save us all a lot of subsequent cat and mouse games.


Seems familiar... CitiBank probably did not inform you of a reduced or term settlement agreement which I only discovered later through court documents after the case. Therefore I would advise: 1) contesting the charges even if you really do owe the money so as to be privy to all the evidence; 2) checking court records after the trial. CitiBank will not be willing to talk to you after this is handed over to their henchmen. I tried this and they will not even agree to a short term period of repayment in full -- which seems kind of strange.

However, bear in mind S&H try to liquidate [your] assets and wages as soon as possible and do not really want you to reach any reasonable agreement. Therefore ensure you retain no bank accounts and max out any other loans and mortages to the full in advance to ensure you ahve no visible assets.


Seems familiar... CitiBank probably did not inform you of a reduced or term settlement agreement which I only discovered later through court documents after the case. Therefore I would advise: 1) contesting the charges even if you really do owe the money so as to be privy to all the evidence; 2) checking court records after the trial. CitiBank will not be willing to talk to you after this is handed over to their henchmen. I tried this and they will not even agree to a short term period of repayment in full -- which seems kind of strange.

However, bear in mind S&H try to liquidate [your] assets and wages as soon as possible and do not really want you to reach any reasonable agreement. Therefore ensure you retain no bank accounts and max out any other loans and mortages to the full in advance to ensure you ahve no visible assets.


From experience I would tell you to forget the validation unless you don't think it is your debt - yes you can ask for validation but if its CitiBank and not a debt buyer they will probably be able to provide it and is just a waste ot ime and tends to get you lumped in with all the deadbeats who are just looking for a way not to pay.

Better is to try to negotiate - if Citibank holds a second mortgage they will likely accept a low settlemtn start at 5-10% - you may not get that but you will likely get a counter offer

You only want to file bankruptcy as a last resort - it is expensive and you can ony do it once every 6 years

if you call the lawfirm ask for Nick or Matt - I dealt with them and they were decent


Thanks for all the replys. I sent them a letter asking to validate the debt. Yes I have missed all my payments since August of this year. I talked w/ Citibank in the past and told them I was unable to stay current due to an injury at work. The letter from S & H (debt collectors) stated the 48k is due now, that\'s why I am thinking BK. Anyone know how to negotiate with these guys for a lower amount, or had success with a reduced debt negotiation?


I agree with Nelly. If they don’t able to validate the debt, then you can send them a Cease and Desist letter in writing. After that if they are still trying to contact with you, then file a complaint against them to the State Attorney General or FTC.
 


Other than validating the debt, you can also talk to Citibank regarding the loan. Did you miss payments on your loan?


You should ask them to validate the debt in writing first. Bankruptcy is your last option. If the collection agency is able to validate the debt, then you can pay it off.


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