Will Citibank sue me?

Does Citibank File Collection Lawsuits? Yes. Many original creditors do not file lawsuits or they sell their accounts to a debt buyer. Citibank has historically kept their own accounts and pursued them by filing collection lawsuits.

Can a Citibank credit card company sue you?

Citibank is known to sue cardholders shortly after missing just a few payments. The credit card company has formulated a system that allows them to sue their clients at a much lower cost than most creditors. Defendants can protect themselves under the FDCPA (Fair Debt Collection Practices Act)…

What happens if you default on a Citibank credit card?

When customers sign up for a Citibank credit card they have no intention of defaulting. Citibank is known to sue cardholders shortly after missing just a few payments. The credit card company has formulated a system that allows them to sue their clients at a much lower cost than most creditors.

Can a Citibank customer dispute a charge?

Customers that find Citibank’s credit card services unsatisfactory have the right to dispute the charge and not have to pay the remaining amount on their purchase according to the contract. However, most customers have been under the false impression that they must pay for the purchase.

Is there a class action lawsuit against Citibank?

There was a federal class action lawsuit claiming that Citibank induces cardholders into paying for charges that they are not even obligated to pay according to their contract. Citibank achieved this by falsely claiming that the cardholder only has 60 days to dispute a charge.

How to win a credit card lawsuit against Citibank?

One must know their rights and their local statutes so that justice can be served. Winning a credit card lawsuit against Citibank may seem tough and take some work and extra effort, but it can be done. If possible, try to uncover whether the debt collectors suing you genuinely represent Citibank.

Can a collection attorney Sue under the name of Citibank?

However, most collection attorneys are not suing under the name of the bank – Citibank. They likely bought the account/debts months prior from Citibank and just use the bank’s name as the plaintiff, which is unethical.

What happens to Citibank credit card debt when it is charged off?

Citibank and charged off credit card debt and the risk of a collection lawsuit. Your account is a couple of weeks from charge off. When the account charges off citibank will do one of three things: Assign your debt out to a debt collection agency who will call and write to you on behalf of Citibank in order to collect.

Can a bank sue a credit card holder?

As the original creditor, Citibank will usually hire local attorneys and file a lawsuit against the card holder for their unpaid balance and add plenty of fees. However, most collection attorneys are not suing under the name of the bank – Citibank.