Answers level
Debt Problems

i recently went off a debt management program. Ci

i recently went off a debt management program. Citibank agreed to 9.99% interest rate and $115.00 a month, which was more than the original minimum payment. Now we are off the plan (one month now), they have sent our remaining balance ($1,300.00) to a collection agency. Do I have recourse?

Asked on Tue, 06/21/2011 - 20:22
anonymous
1 Answers

If your creditor does not receive the payments on time, then he has the rights to charge off the account and assign it to a collection agency. The collection agency can in turn contact you for the debts. You can contact your creditor and ask them to withdraw the account from collections. However, it will be the discretion of the creditor whether or not he will consider your request.

Answered on Wed, 06/22/2011 - 08:07
Anna Sweeting

Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 1 and 2


About Us | Contact Us | Privacy Policy

Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV

* Disclosures:

  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.

Page loaded in 0.146 seconds.