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Citi bank charge off

razzy116
Frequent Contributor

Citi bank charge off

i have a Citi bank in collection with midland, should i pay in full or settle, its $1600, might want to get back in with them.. Thank you and be safe.

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Current Score: c669
Goal Score: 800


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4 REPLIES 4
Bank007
Frequent Contributor

Re: Citi bank charge off


@razzy116 wrote:

i have a Citi bank in collection with midland, should i pay in full or settle, its $1600, might want to get back in with them.. Thank you and be safe.


I believe Midland will do a PFD. Verify this. They may have something to send you in writing. Pay in full, but make sure they will not blacklist you.  Lenders are tightening their underwriting lately due to the effects of Covid-19.  Wells Fargo laying thousands end of the year, so things make get tough for everyone.  Good luck!

Starting Score: 550
Current Score: 652
Goal Score: 670


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Rebuild2022
Super Contributor

Re: Citi bank charge off


@razzy116 wrote:

i have a Citi bank in collection with midland, should i pay in full or settle, its $1600, might want to get back in with them.. Thank you and be safe.


It depends. We need more information. Did they sell it to Midland ? Or is Midland acting as collector on behalf of Citi. What does the balance show on Citi account on your report. if they sold it them Midland bought it for pennies and I would go for a settlement. Ask Citi and Midland and see what you can find out. It if is sold they make a settlement.

Gardening since 08/2020
Message 3 of 5
razzy116
Frequent Contributor

Re: Citi bank charge off

Citi bank sold it to midland, i know midland does pfd, what i want to know will citi let me back in if i want there card again. Thank you and be safe

Starting Score: 663
Current Score: c669
Goal Score: 800


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gsgm
Established Member

Re: Citi bank charge off

I had a citi charge off with portfolio.  I settled for about 35% of original amount in May of 2018.  By January of 2020 I was back in with citi with an AA card and $9500 limit

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