topic Re: Citibank in Credit Cards

Citibank

nmorton79 — Sat, 23 Jan 2010 18:54:08 GMT

I used to have a citibank platinum select mastercard. It charged off back in 2003. I had paid the balance from $2250 down to $800 (after charge off) in 2005 and then I moved and was out of work for more than a year and was unable to pay. The balance is now $885 and I have made arrangements to pay the remaining balance in monthly installments. Citi never came after me with a CA, and my account never left their internal CA department. I took it upon myself to call and set up the payment arrangement because I'm tired of owing it. My question is has anyone had their citi account re opened after charge off, or were they ever able to get another citicard? If so how did you go about getting in done? Thanx in advance for the replies and advice.

Re: Citibank

Anonymous — Sun, 24 Jan 2010 23:42:03 GMT

You most likely will be able to get another Citi CC. Many others have been able to - including me. I can't tell you how long you would have to wait. It is possible you might have to wait until the TL is off your CBR's.

Re: Citibank

nmorton79 — Mon, 25 Jan 2010 00:41:36 GMT

@Anonymous wrote:
You most likely will be able to get another Citi CC. Many others have been able to - including me. I can't tell you how long you would have to wait. It is possible you might have to wait until the TL is off your CBR's.

Thanks for your reply. This card has not reported at all since 2005. How long did you have to wait before you got another card, and what were your scores and starting CL (if you don't mind me asking)?

Re: Citibank

Anonymous — Mon, 25 Jan 2010 00:51:49 GMT

The original account was a CO. (An original Choice Visa.)

It was off my CBR's.

I received two mailed pre-app offers from Citi NOV08: Diamond Preferred and I think it was Cash Returns. I went for the one with the lower APR. EX FICO about 720 at the time. Approved for $4.8K now $8.4K. I was given the Tier 2 rate/promo at approval. I called and complained and was immediately moved to the Tier 1 APR and have stayed there ever since. (Currently 6.99%.) I have a < $800 BT at 0% on the card at present.

Re: Citibank

DI — Mon, 25 Jan 2010 01:06:53 GMT

I had two accounts with Citi that was charged off in 2004. I paid them in full that same year. I think the accounts were sent to outside collections agencies. But the collection accounts never appeared on my credit reports. Fast forward May 2009, I got both accounts deleted. In July, I received a new Citi Platinum Select Card with $4000 initial limit and 0% interest for 9 months on purchases and BT's. In September, I received the Sears Citi card with initial limit of $3600.

So, if you pay Citi in full, they will do business with you again. But you won't be able to keep the same account.

Re: Citibank

Anonymous — Mon, 25 Jan 2010 01:14:28 GMT

They will do business with you again even if you do not pay them...

Re: Citibank

DI — Mon, 25 Jan 2010 01:19:03 GMT

@Anonymous wrote:
They will do business with you again even if you do not pay them...

That would be immoral to not pay them.

Re: Citibank

Anonymous — Mon, 25 Jan 2010 01:20:57 GMT

@DI wrote:
@Anonymous wrote:
They will do business with you again even if you do not pay them...
That would be immoral to not pay them.

Don't make me laugh. Seriously.

Re: Citibank

DI — Mon, 25 Jan 2010 01:23:38 GMT

@Anonymous wrote:
@DI wrote:
@Anonymous wrote:
They will do business with you again even if you do not pay them...
That would be immoral to not pay them.
Don't make me laugh. Seriously.
The OP says they're tired of owing it. I don't think the OP want it on their conscious any longer.

Re: Citibank

Anonymous — Mon, 25 Jan 2010 01:30:16 GMT

That's not the point, DI. Many people read these threads and the fact of the matter is that Citi will do business with you again, eventually, whether the account has been paid or not. In fact, once the account has been CO and sold to a CA/JDB you can't pay the OC anyway! We need to stick to the facts here and stay clear of the moralistic comments. Doesn't DR have a forum for that sort of thing? Or, better yet, go try preaching at CB and see what kind of responses you get!

Re: Citibank

score_building — Mon, 25 Jan 2010 01:45:08 GMT

@Anonymous wrote:
That's not the point, DI. Many people read these threads and the fact of the matter is that Citi will do business with you again, eventually, whether the account has been paid or not. In fact, once the account has been CO and sold to a CA/JDB you can't pay the OC anyway! We need to stick to the facts here and stay clear of the moralistic comments. Doesn't DR have a forum for that sort of thing? Or, better yet, go try preaching at CB and see what kind of responses you get!

+1000

Re: Citibank

elaine829 — Mon, 25 Jan 2010 02:04:29 GMT

What was your credit scores when you got your sears account. I just got denied with a 680 on equifax. Tey pulled equifax because i got a alert. I think i got denied because my utilization is high from christmas about 23 or 25%. I also got a charge off but its o dollars from 05 and a car repossesion in 05 but thats also 0 dollars. I was just wondering what there standard was. Just waiting for letter stating why they denied me.

Re: Citibank

DI — Mon, 25 Jan 2010 02:07:28 GMT

@elaine829 wrote:
What was your credit scores when you got your sears account. I just got denied with a 680 on equifax. Tey pulled equifax because i got a alert. I think i got denied because my utilization is high from christmas about 23 or 25%. I also got a charge off but its o dollars from 05 and a car repossesion in 05 but thats also 0 dollars. I was just wondering what there standard was. Just waiting for letter stating why they denied me.

If your question was for me, my FICO score was in the upper 700's at the time of approval. My EQ report was pulled too.

Re: Citibank

Anonymous — Mon, 25 Jan 2010 02:08:37 GMT

@elaine829 wrote:
What was your credit scores when you got your sears account. I just got denied with a 680 on equifax. Tey pulled equifax because i got a alert. I think i got denied because my utilization is high from christmas about 23 or 25%. I also got a charge off but its o dollars from 05 and a car repossesion in 05 but thats also 0 dollars. I was just wondering what there standard was. Just waiting for letter stating why they denied me.

It's not all scores. You have two resolved, but reporting baddies and medium UTIL. That's probably enough for a denial right there. Citi also does not like to see many INQ's.

Re: Citibank

DI — Mon, 25 Jan 2010 02:09:50 GMT

Citi does not forget about old accounts. They were able to bring both of my accounts I opened in 2000 and 2001 with my SSN back in May 2009.