I was offered a settlement by my credit card compa

I was offered a settlement by my credit card company for just under 50% of total balance. Offer was 9500. I can't pay that either. Tried to offer like 150 per month but Citi won't accept. Any ideas about howlong before they sue me.

3 Answers


19K is quite a big amount and settling for 50% of it isn't quite a bad idea. They'll only accept a settlement offer from you when they have a clear understanding of your current financial strength.


It will be better for you to accept the settlement offer. If you don't accept the offer, then 2 things can happen:

i) Offer you another settlement offer

ii) File a lawsuit against you

They can sue you anytime. It is advisable to gather the money from various sources and settle the debt.


So you $19K?  They probably wont wait too long.....

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SOL for all states
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