Posted on: 11th Feb, 2007 09:34 pm
Has anyone dealt before with CitiFinancial?
Mollie
I haven't dealt with CitiFinancial directly but my freidn had a dealing with the company.
CitiFinancial bought my friend's mortgage only after it was 5 months old. But he missed a payment unknowingly. The company however, did not report it my friend. They went on adding services and charging late fees.
My friend called up several times and even posted letters but the company did not respond to any of them.
Finally my friend thought of hiring a lawyer. But the company still did not change any record of the payments or fees even thought the bank statements and his lawyer showed that they were wrong.
My friend has now decided to sue them in small claims court under the Fair Debt Collection Practices Act. He had no other way as his credit had shattered and he had already spent several thousands of dollars in unwanted late fees.
I haven't dealt with CitiFinancial directly but my freidn had a dealing with the company.
CitiFinancial bought my friend's mortgage only after it was 5 months old. But he missed a payment unknowingly. The company however, did not report it my friend. They went on adding services and charging late fees.
My friend called up several times and even posted letters but the company did not respond to any of them.
Finally my friend thought of hiring a lawyer. But the company still did not change any record of the payments or fees even thought the bank statements and his lawyer showed that they were wrong.
My friend has now decided to sue them in small claims court under the Fair Debt Collection Practices Act. He had no other way as his credit had shattered and he had already spent several thousands of dollars in unwanted late fees.
I have also heard negatives about them like they deliberately charge people late charge and harass over phone. Try to avoid doing business with them if possible.