I owe approx $10,000 to Citi. I haven't made a payment in some time because I'm working on other debts before tackling the biggest one. I got a letter in the mail from them saying they are willing to settle my debt for about $3,600 over three months. They would report my balance as zero on the credit report but would note that I paid less than was owed.
I know that can hurt your credit but I'm sure it'll hurt more if this goes further. Realistically, I wasn't planning on making payments for a couple more months. I'm almost through with the rest of my debt. If I did the settlement I could efficiently push some things around and make the $1,200 payments for three months.
Any thoughts on if I should do it or if I should just wait it out? Thank you!
Submitted May 30, 2020 at 08:59PM by creditcardpayback123 https://ift.tt/2Mi5RiA
