My question involves collection proceedings in the State of: MA
Hello. I am $13K in debt with Citi. I am not delinquent - all payments have been made on time. But I lost my job a year ago and have been trying to get hired again and have had no luck. My parents now don't have jobs either, so my financial situation has become pretty bad. I was thinking about letting my account go delinquent for the next three months, attempting to negotiate a full and final settlement with Citi, and then if that was rejected, attempting to negotiate a settlement with whatever collection agency they will sell my account to. But I'm afraid of going about this process. Will I get sued? I would appreciate advice. I wouldn't have resorted to this type of resolution if I had any way of paying back my debt or making future payments. This is the only viable option I have left. NOTE: Please do not suggest that I work with a debt negotiation company. I have already looked into many of them and will not be going that route. I would rather struggle through this on my own then pay the thousands of dollars extra that they ask for in return for their "services."