Is CitiCards forgiving on previously settled debt? I received an offer from Global Credit & Collection to settle balance for $1126.88 and was wondering how would it hurt my chances in the future of getting another card with CitiCards or other banks. Because of this charged off balance it has my credit utilization high and I am trying to greatly reduce utilization.
Status as ofDate opened [?]Date of last activity [?]Largest past balance [?]Account Type [?]Account holder [?]Scheduled Payment Amount [?]Industry
| Nov, 2013 |
| Apr, 2010 |
| Jul, 2011 |
| $3,000 |
| Revolving |
| Individual |
| $4,507 |
| All Banks |
Descriptions [?]
- Charged off account
- Account closed by credit grantor
No contact information provided by Equifax
Balance [?] Current Status [?] Past Due Amount [?]
Seven year payment history [?]30 days late60 days late90+ days late
| $4,507 | Bad debt/collection | $2,796 |
| 0 times |
| 1 time |
| 3 times (Jan 2012, Dec 2011, Nov 2011) |
Starting Score: 467 (Dec '13)
bump
I would be interested in knowing about this also. I had two citi cards go into collections due to loss of job. Thinking about settling both of them but would like to get back in with them in the future.