Alright I need some advice. I received the letter below from the OC, 2 weeks ago.
The back history of this is Citi passed my Acct to various CA, which I DVed. I guess none of the CA wanted to waste their time so they sent the acct back to the OC. I elected arbitration in all my DVs and I have few violation against the OC/CAs, but ultimately I want to settle this and move on.
I am willing to borrow money from family to settle the debt. What would be my best approach considering the letter that I received? Lastly, should I reply to the letter?
Dear Joe Shumo
You recently asked us to stop contacting you about your outstanding credit card loan. We received your request and want to let you know it will affect our next steps.
If we canít talk to you, we will need to pursue further collection efforts through a collections attorney. This may result in a lawsuit to obtain a judgment.
We continue to believe that we have programs that may help you pay your account balance. If you change your mind about speaking with us directly, please contact us at the toll-free number below so that we can discuss options that might be available to you.
Citicorp Credit Services, Inc
Your Citi card is issued by Citibank, N.A. and is serviced by Citicorp Credit Services, Inc. (USA)
PLEASE SEE REVERSE SIDE FOR IMPORTANT INFORMATION
The purpose of this communication is to collect a debt and any information obtained will be used for that purpose.