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CO settlement - Citi - Santandar

Rebuild2022
Super Contributor

CO settlement - Citi - Santandar

I am trying to get some of the COs cleared. Does any one have any experience in dealing CO with Citi, Santandar, BlissPay ?

Gardening since 08/2020
10 REPLIES 10
MI-Aviator
Established Member

Re: CO settlement - Citi - Santandar

My Citi accounts were both dealt with Credit Control anything in particular you're looking for? 









Message 2 of 11
OmarGB9
Community Leader
Super Contributor

Re: CO settlement - Citi - Santandar

I had a Citi account COd and sold to PRA, so naturally once I settled with PRA, it came off my reports. Citi deleted their original TL.


Last App: 05/30/2021
Capital One Auto Refinance Loan

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 3 of 11
FireMedic1
Super Contributor

Re: CO settlement - Citi - Santandar

As you know getting a CO removed is next to impossible. You know how by GW letters. Omar is the only 1 I've heard of a Citi CO removal.

Message 4 of 11
Rebuild2022
Super Contributor

Re: CO settlement - Citi - Santandar


@MI-Aviator wrote:

My Citi accounts were both dealt with Credit Control anything in particular you're looking for? 


Hi @MI-Aviator, I am sending you a PM. Please reply to me.

Gardening since 08/2020
Message 5 of 11
MichaelMyers
New Contributor

Re: CO settlement - Citi - Santandar

I had a charge-off with Citi that was kept in house. I made a settlement offer right after it was charged off, they accepted and then sent the agreement to me in writing. They told me I could pay it off in installments but I chose one lump sum.
Fico 08
EQ 570
EX 573
TU 590
Message 6 of 11
OmarGB9
Community Leader
Super Contributor

Re: CO settlement - Citi - Santandar


@FireMedic1 wrote:

As you know getting a CO removed is next to impossible. You know how by GW letters. Omar is the only 1 I've heard of a Citi CO removal.


Just to clarify, I did not request or make any sort of deal with Citi. They deleted their TL on their own upon selling the debt to PRA. I never had any contact with them; I never even saw the original CO'd TL on my reports. By the time I started working on my credit, their TL was long gone.


Last App: 05/30/2021
Capital One Auto Refinance Loan

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 7 of 11
Rebuild2022
Super Contributor

Re: CO settlement - Citi - Santandar


@OmarGB9 wrote:

@FireMedic1 wrote:

As you know getting a CO removed is next to impossible. You know how by GW letters. Omar is the only 1 I've heard of a Citi CO removal.


Just to clarify, I did not request or make any sort of deal with Citi. They deleted their TL on their own upon selling the debt to PRA. I never had any contact with them; I never even saw the original CO'd TL on my reports. By the time I started working on my credit, their TL was long gone.


I guess lenders are removing their accounts from credit report once they sold them to outside party. However Citi/BestBuy did not remove it from my report even after they sold to PRA. I guess it depends on lender and the account and company they sold to.

Gardening since 08/2020
Message 8 of 11
OmarGB9
Community Leader
Super Contributor

Re: CO settlement - Citi - Santandar


@Rebuild2022 wrote:

@OmarGB9 wrote:

@FireMedic1 wrote:

As you know getting a CO removed is next to impossible. You know how by GW letters. Omar is the only 1 I've heard of a Citi CO removal.


Just to clarify, I did not request or make any sort of deal with Citi. They deleted their TL on their own upon selling the debt to PRA. I never had any contact with them; I never even saw the original CO'd TL on my reports. By the time I started working on my credit, their TL was long gone.


I guess lenders are removing their accounts from credit report once they sold them to outside party. However Citi/BestBuy did not remove it from my report even after they sold to PRA. I guess it depends on lender and the account and company they sold to.


Yea I'm not sure how they decide when to/not to remove their own OC reporting. I'm just glad they removed it. It's one less CO'd TL.


Last App: 05/30/2021
Capital One Auto Refinance Loan

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 9 of 11
MOvingupman
Member

Re: CO settlement - Citi - Santandar

As far as Santander is concerned I would send 9 dispute referencing the class action settlement and seeif they just remove it

Message 10 of 11
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