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I could be wrong, but if your debt has been sold to a collection agency, then the collection agency owns the loan and Citibank sold it at a loss. You might be able to negotiate with the collection agency if you can convince them that you plan to pay them.

stillfighting wrote:

I owed Citibank some money. They 'sold' me off to a
collection agency (OSI Collection Services). I have
tried to contact Citibank to deal with them directly,
but they say that I have to deal with the collection
agency (who are a bunch of animals).

I am sending a C&D letter to the agency and another
letter to Citibank. I want to try and work out
a settlement with Citibank to pay 30% of what they
say I owe them. (They screwed me with late fees and
interest on my interest and late fees during the
time I couldn't pay).

Anybody have any good advice on how to deal with
Citibank on arranging a settlement? (By the way,
they are jerks, don't every go with them.)

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