How Do You Negotiate Credit Card Payoff With Citibank?
Credit cards provide excellent convenience, but the cost of that convenience can be very high. With the interest rates on credit cards from Citibank and elsewhere running well into the double digits, it is often all but impossible to pay off a large balance by making the minimum monthly payments. If you owe a lot of money on your Citibank credit card, it might be more cost effective to negotiate a settlement with the company. Get out all of our Citibank credit cards and credit card statements. Write down a list of all the balances, as well as the minimum monthly payments and the interest rates. Pull out your personal budget and other financial records to determine exactly how much you can afford to pay to Citibank to retire your credit card debt. Use a lower number when proposing a settlement with Citibank. This will provide room for counteroffers. Call the phone number on the back of your Citibank credit card and go through the voice-mail system until you are speaking to a live operat
