CitiFinancial & Collections

[justbroke]

Do you think the letter was a scare tactic or do you think they are in the process of starting suit? I know you can't speak for them but curious if anyone else has dealt with them? I sent them a very small payment in september (10 bucks) but at least it was something. Any thoughts?

While it is posturing and a scare tactic, they more often than not... actually refer to an outside attorney.

Also being they have a local branch I'm wondering if they will show at the 341 (not sch yet - not filed yet)??? Thanks for your time...

They never showed up at mine. I don't think they're into that sort of thing anyhow. They know they will get nothing, so why even waste time attending a 341 Meeting. Credit Unions usually show up because they are local and it's usually a car that they are interested in.

[ace13]

These ppl are vicious animals. I have not answeed one call of theirs!!

Do ppl realize that citifinancial reports the TOTAL amount of your loan (principal and interest) to the credit reporting agencies?? Which in turn affects your whole income to debt ratio. Can you imagine if all of our loans did that especially our mortgage??? We would not quality for add'l credit!

My statements and credit reports show I owe citifinancial over 14k when the actual loan amount was 7800k. And this is legal to do!! Byebye citifinancial...now my credit report can show IIB next to their name and loan amount

thanks for reading my rant...

[backtoschool]

Does anyone have experience with CitiFinancial's collection process? About two weeks ago I received a letter via UPS (but not certified and no signature required) advising me to contact them in 3 days to set up payment arrangements or they were going to refer my account to their attorney or a magistrate.

It's past the three days and nothing except voluminous phone calls (about 8-10 per day) from the local branch where I got the loan.

Do you think the letter was a scare tactic or do you think they are in the process of starting suit? I know you can't speak for them but curious if anyone else has dealt with them? I sent them a very small payment in september (10 bucks) but at least it was something. Any thoughts?

Also being they have a local branch I'm wondering if they will show at the 341 (not sch yet - not filed yet)??? Thanks for your time...

This is just a scare tactic. You know you are filing for bankruptcy. Don't let them upset you. Usually CU's are the only banks that somewhat regularly show up at 341's

[ace13]

Does anyone have experience with CitiFinancial's collection process? About two weeks ago I received a letter via UPS (but not certified and no signature required) advising me to contact them in 3 days to set up payment arrangements or they were going to refer my account to their attorney or a magistrate.

It's past the three days and nothing except voluminous phone calls (about 8-10 per day) from the local branch where I got the loan.

Do you think the letter was a scare tactic or do you think they are in the process of starting suit? I know you can't speak for them but curious if anyone else has dealt with them? I sent them a very small payment in september (10 bucks) but at least it was something. Any thoughts?

Also being they have a local branch I'm wondering if they will show at the 341 (not sch yet - not filed yet)??? Thanks for your time...