Citi Forebearence Program

[ppenguin]

Like many others our Corp is getting buried in corp debt and a lot of it is due to our Citibank cards. I see they have a forbearance program but I am not sure how that

exactly works. I am assuming they close your account and give you some reduced payment / interest program. Now I technically am probably a PG on this account as

they do have my social security but I have NEVER signed anything including the card. I have no personal assets such as property, car, etc. so I don't think there is

anything they can "take" if I were to default on the account although I prefer to not do that and just come up with reasonable payment terms.

 

Any advice ?

[drew3918]

Have you called them yet ?

[ppenguin]

No I kind of wanted to see if someone else has worked with them first to see how agreeable they are. I need a payment at least 1/2 that big and I doubt they are going to want to do that. I could try a debt consolidation place but they will no doubt close the account in bad standing.

[jonson]

No I kind of wanted to see if someone else has worked with them first to see how agreeable they are. I need a payment at least 1/2 that big and I doubt they are going to want to do that. I could try a debt consolidation place but they will no doubt close the account in bad standing.

 

I know this is a late reply, but I was wondering if you ever got this settled? I can give you some information about the program, as I've been on it twice. (I found this thread from doing a search about Citi secured cards.)

[TeeSharice]

No I kind of wanted to see if someone else has worked with them first to see how agreeable they are. I need a payment at least 1/2 that big and I doubt they are going to want to do that. I could try a debt consolidation place but they will no doubt close the account in bad standing.

 

I know this is a late reply, but I was wondering if you ever got this settled? I can give you some information about the program, as I've been on it twice. (I found this thread from doing a search about Citi secured cards.)

 

 

why not just post the info you have