Hi guys,
First of all great site, and some interesting topics.
Anyway, your help is required if you would be so kind...
Today I got my credit report from equifax, and as expected it was a horrible site, lots of late payments etc etc..no more than I expected as I was out of work for a year back in 2003...
This is my quandry..
I had a credit card and a loan type account with Citifinancial activated in 2002 everything was going along fine, making payments on time etc etc, I lost my job in 2003 and got behind with my repayments, one thing led to another and eventually my credit card was defaulted.
Luckily I got some help from a family member and managed to settle my credit card with Citi, It shows as settled on my report, but obviously has the default still registered against it, can I get this removed?
My second quandry is my second account with Citi, I have recieved no phone calls, no mail, nothing regarding this account since 2004 and as at the time I had a lot of active accounts I presumed it had been settled by myself amongst all the other stuff.
It wasnt until I got my credit report today, that I realised this account is still active as far as Equifax are concerned and I still apparantly owe Citi money!!.
Now, I cannot afford to pay this debt off at the moment as it is around the 2k mark, so Im in a catch 22 position, do i phone Citi and ask them about this account and potentially have to pay this off, or do I just leave it and hope it dissapears in a few years off my report?
Call me stupid, but I have not heard a peep out of Citi regarding this account for over three years now, so was I wrong in assuming it was settled? Surely they would of contacted me/issued a summons if they wanted money out of me?
Help!..
Thanks.