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I just received a notice of default and right to cure from ...

Sent to Legal Experts May 12 2008 at 4:52 AM
   

I just received a notice of default and right to cure from Citifinancial for past due amounts on my account with a threat to be taken to General Sessions Court if I don''t respond w/i 5 days. I am working with a debt settlement company who is not ready to offer a settlement - so I am caught in the middle. Just wondering how best to protect myself until a settlement is offered and accepted. Thank you.

 

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Murfreesboro, Tennessee

Already Tried:
I have listened to the legal advice of the debt settlement co. to ignore any contact in this interim period. all other creditors have not taken this extreme action (only 3 months past due when I've already paid thousands over the course of 3 years)./p>

Customer (name blocked for privacy)
Status:  Closed   Value: $15
Answer
May 12 2008 at 6:56 AM (2 hours and 4 minutes and 31 seconds later)
         
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Have the debt settlement company write a letter to citifinancial explaining at what point an offer will be extended. My experience with Citif is that if they dont have to go to court and can reasonably expect a settlement of some sort in the short term they will accomodate you.

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