citifinancial garnishment

[jbelly]

I met with anattorney but have not saved up enough yet for a retainer. I told Citifinancial yesterday that I had an attorney and gave them his name and phone number. Now I am wondering how much time I have to save up the retainer fee before they take serious action such as garnishment against me. My payment was due August 15th 09..so I am not yet a month late. This is for a personal loan that I owe more than 7500.00 on.

[treehugger1]

You need to spend a bit of time on the posts here. You can search info. You are not even two weeks past due. You could wait for 90 - 180 days before you received a summons for a lawsuit. Without a court order, you should not expect a wage garnishment. However, in my opinion, it is wise to chaneg your banks, especially if you use your current bank account to make payments to citifinancial. CF seemed to be a high risk lender a few years ago, so who knows if they would attempt to debit your current bank account for a payment.

You would be wise to start reading threads on the collections posts here.

[Scott50]

I was sued by Citifinancial after being roughly ninety days late with them. I received a letter from a local attorney that they might take legal action against me (this was at the sixty day mark) and received a summons (ninety day mark) and had to file answer with court.. I filed Chapter 13 about a week before the actual court date... Citifinancial will call you atleast twice a day and you'll get letters from them with about modifying the loan..

[shabam]

You have time. They are extremely busy so there is no way they will be able to file on everyone who is late.

[BigJohn]

I was sued by Citifinancial after being roughly ninety days late with them. I received a letter from a local attorney that they might take legal action against me (this was at the sixty day mark) and received a summons (ninety day mark) and had to file answer with court.. I filed Chapter 13 about a week before the actual court date... Citifinancial will call you atleast twice a day and you'll get letters from them with about modifying the loan..

What State do you live in?

How much did you owe?

Was it a personal ot business debt?

[Scott50]

What State do you live in?

How much did you owe?

Was it a personal ot business debt?

I live in Illinois. Personal debt of about $6K... I drive by their local branch office about once a week and I cringe everytime I see it...

[jbelly]

citifinanci garnishment

I am now less than a month past due with citifinancial. they have already made collection calls to my husbands employer. this is a personal loan of about 7500.00 that we owe..but only technically borrowed 5000.00. They seem to be very aggressive with collection calls already. I gave them atty name and number and they called the office to confirm I had met with the atty. but still no retainer paid as I am still saving up for it. Not sure what to do at this point. any ideas. I am in Ohio and this is a personal unsecured loan. help!

[catleg]

Citifinancial is the "consumer finance" (read: low down dirty dealing) side of the bloated tick parent company which is bloodsucking off the Federal Reserve/US Treasury/taxpayers. It is largely built upon two former businesses called Commercial Credit, which Sandy Weil parlayed into the Citi empire, and The Associates, a lowlife operation. Here is the settlement Citi did with the FTC over The Associates:

In the largest consumer protection settlement in FTC history, Citigroup Inc. will pay $215 million to resolve Federal Trade Commission charges that Associates First Capital Corporation and Associates Corporation of North America (The Associates) engaged in systematic and widespread deceptive and abusive lending practices. Citigroup acquired The Associates in November 2000, and merged The Associates' consumer finance operations into its subsidiary, CitiFinancial Credit Company. The settlement is contingent on approval of the federal district court in Atlanta and approval of a related settlement in a class action lawsuit currently pending in California. If approved, the FTC and class action settlements together will provide $240 million in redress to consumers throughout the United States and its territories.

I point this out just so you know you are not dealing with nice people here, even less so than their oh-so-corporately well behaved credit cards. They're like the Tony Soprano crew, gimme the money.

[albacore44]

i have a Citifinancial retail card i'm about 5 months late on. owe about 3k for a mattress. I get calls about twice a week, but nothing other than that so far.

[catleg]

Funny you mention that, my friend at one time owed markers to the Trop casino in Las Vegas, he lives in LA, they dropped by his office just to be helpful.
Another time I remember a casino host being sent to Texas to pick up a check. That was before Nevada started treating bad markers as criminal.

[albacore44]

Hey I used to stop and buy a visit in my suit and tie from the credit union. Was perfect I drove a metallic green Dodge Diplomat ex-sheriff car with spot light and I added my cell phone and two-way radio in it. I was able to walk up to neighbors and just start asking them questions about when so and so got home, have they seen this car, people love to talk and love to talk to the police if they think you are. But I was a "Special Investigator" <eye roll> you have no idea how well that crap works. You look the part and act the part.

People would call the CU and scream at them why did you send the police to my house to collect on my loan.... hey if you didn't return the phone calls they sent me out for $75 to "have a talk with you"....LOL. I was nice just firm and explained what would happen if we couldn't resolve this. But i always had a briefcase and your file and knew all about you before I ever knocked on your door.

Not to say I they didn't try kicking my ass a few times and shot at. But that was the same with repo's too. Damn I hated ruining a big n tall suit... damn people, why do people think you can take on a 6' 350lb guy? LOL

Funny you should bring that up. About a year ago, my wife left the house,and was stopped but a lady standing in front of a neighbors house that was in forclosure. She said, hi, I see you drive a blah blah, my wife said yes, why ? The lady asked, well , do you ever see a black blah blah at this address ?? My wifes says yeah, i think so. The she calls me at work, and asks me why the lady was asking........duh.....

Long story short, the guys car was finally repo'ed, he lost the house, and left with his furniture in a big trailer, pulled behind the biggest Deisel Pusher i have ever seen.

Btw- I see that all the time here. i think people pulled all the equity out of there houses when things were booming and bought Deisel Pushers. Now that the market tanked and their house is underwater, they dump the house, and move from wal-mart to wal-mart parking lot living out of their Deisel Pusher Moho

[albacore44]

I travel for business to Seattle to the mother ship so i know how bad it was last winter.

BTW- i have a 07 32' Weekend Warrior paid off. not as delux as your 5th, but it works for me. Weekend warrior was one of the major RV manufactures who went BK. i plan on using the generous Ca. wild card to keep the trustee from helping himself to it. i just wish the NADA books would update the values to what the market is truly paying. When an RV mfgr goes under, the values of their products drop drastically, because you no longer have a warranty.

[treehugger1]

Aer I defaulted with Citifinancial and they sent me a hardship agreemnt, their local office was closed. The original loan was right at the small claims amount here, so I understood that the local branch manager could file small claims if I defaulted. Unfortunately for CITFIN, the closed the local (and most state) offices and eventually my account was sent to somewhere back east. Even then the guy wanted to make a deal. I did agree to a deal and signed an agreement faxed to me. A few weeks later, they said i needed to make a payment by such-and-such a date. I said, no way. It is not due until <date> and I have your signed agreement acknowledging such. I never heard from them again. This has now been close to a year. Keep trying to "work with them." Remember that intent is not a promise. CITFIN is/was a high risk lender who lent millions (billions?) o fdollars to high risk debtors. They knew the score.