Citibank / Citicard Debt Settlement Letters

Citibank debt settlement policies are constantly evolving and as a result the typical discounts that a client can expect will vary. That said, the settlement percentage range of successfully negotiated accounts has consistently delivered clients savings off their balances. The settlement letter below is with a collection agency that Citicard has historically used for recently charged off accounts (six months delinquency or more), and even though they can be quite aggressive, this client was able to save 65% off their balance.

This is an example of one of our better settlements with Citibank, but it is also quite common for clients who meet the savings requirements of the program.

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Citibank Settlement

Collection agency: United Collections Bureau (UCB)
Date: June 1, 2011
Amount owed: $5612
Settlement amount: $1965
Settlement percentage: 35%