CitiFinancial Mortgage Company ripoff sent letters to creditors saying we abandoned our home and were 14 months behind, trying to foreclose, placing our payments in other accounts, wanting crazy dollar amounts to settle Irving Texas

If Citifinancial has done all these things to everybody. Why has the Federal Goverment or the Federal Banking Commission not put a stop to it. Where are all the lawyers when it comes to the class actions suits, are they afraid of Citifinancial.

As I've explained in the long story, court has come and gone.

They have now found my payments but they are put on my statement strangely in partial payments. They hold the payments past 30 days then report you to credit bureau as a paid debt pay.

The attorney representing Citi in Indianapolis, IN get more and more heartless. She flat out said pay $6,500 by 6 month or we take the house. I'm trying to just refinance with some mortgage company that will feel sorry for our situation and get out of citi.

I've talked to 2 mortage companies and they said they knew about citi and will try to get us out..... but we've heard nothing. So I have applied to 8 mort. companies and another one tonight.

Every story here that I've read since I first filed here is saying the same thing. They want 5,000 or 6,000 or they will foreclose.

Is there not an attorney out there that wants to earn a name for himself and fight this company?

I'm just praying nightly to my God that something good will happen here. After owning for 26 years .... Associates is purchased by CitiFinancial and BANG we are all dead and homeless!!!!!!!!!!!!!!!!!!!!!!

*sigh*

May God come to all of us in need of help.. AMEN

Small claims court is up to $3,000.
I have to go civil suit for the $7,099.10 amount.
I contacted my attorney on this.
I'll keep you updated on what happens.

Since my first report I have reported CitiFinancial of Irving TX to the Better Business Bureau of Texas, I have written the Texas Attorney General, I've written the CEO and Vice President of Citifinancial. I'm hunting addresses for the president of citi, Kevin Kessinger; Robert Rubin, chairman of the exec. comm; and Doug Peterson, Citigroup Chief Auditor.

I went through my 2001,2002,2003 payments and have pulled out 18 payments that were not applied to my account. $7,099.10

My attorney seems to be laid back and is trying to settle this but CitiFinancial seems to be playing games. They now want me to write a check for $1,200 to their attorney to give us 30 more days before court. What they don't know is I'm taking the $1,200 to the trustee of the court and tell him that all money paid to them has to go through the court system. I'm going to also show him the payments they refused to accept from me.

I'm going to file small claims for misappropriation of funds against Citifinancial for the $7,099.10. I have the 18 payments with other account numbers on them that came from my checking account. I'm not quitting till I win this!!!!!!!!!!!!!

thank you for your support!

Sherry,
Hello, I am sorry to hear about the troubles you have had with Citifinancial. My mortgage was just acquired by them. I have recently gotten out of a similar situation as yours (not as brutal, though) with Household Finance Company (HFC) and have posted for two years about my ongoing struggles with them.

After reading your story, I am curious about cancelled checks and postdates. Your bank should have records of your cancelled checks and the date they were cashed on. If you could retain all of those, then you could show that they have all of the money you say they do.

It may cost a fee, but well worth it. Also, from now on, I would send EVERYTHING to them registered mail, or if possible, pay online. This may cost you a few more dollars, but it will bring peace. I had to use this tactic with HFC. Every time I paid, I did it on their website, paying $7 for processing each time. Some months I paid them something every week just to keep up with the ridiculously high payments.

I am also curious as to what your attorney has to say about them not letting you pay extra on your principal. Soon they will have to let you because all of the interest will be paid off! Is this a stipulation in your contract? Or maybe a prepayment penalty? I would definitely look into that aspect, if you haven't already.
I have dealt with Citifinancial before for a personal loan several years ago and they are not very nice. Did you know that Citifinancial acquired The Associates and that is why your loan went there? In 2001 and 2002 (and possibly others) Citifinancial was a party to one or more lawsuits for their lending practices, and from what I understand there are some out there now. You may want to have your attorney look into that as well.

I completely empathize with what you are going through with the stress. Those who have not had to go through it do not realize the toll a bad mortgage company can take on a marriage or finances; when most monies go to paying for the mortgage rather than other bills, just to keep your home. It is hard when these companies can't seem to understand that life happens and with that comes times of financial strife. Hang in there!

I am hoping that my past experience with lenders like Citifinancial will help me to steer clear of situations like yours, but after reading through everyone's stories here at Rip Off Report, I will be sure to save every receipt and document relentlessly.

Just know that it can get better, and thanks for sharing your story!
Kati