• Report: #413128

Complaint Review: Citifinancial

  • Submitted: Fri, January 16, 2009
  • Updated: Sat, January 02, 2010

  • Reported By:spotsylvania Virginia
Citifinancial
Po box6932 Spotsylvania, Virginia U.S.A.

Citifinancial after reaffirmation from bankruptcy and timely payments/guess they dont want my money Spotsylvania Virginia

*Consumer Comment: bailout

*Consumer Comment: You filed bk

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simple put got laid off and behind filed for bankruptcy in april 2008 but i also tried to hold on to what was dear to us our home.so we reaffirmed our first and secound mortgage in august 2008 we were granted.sound easy huh....

we never missed any payments to either mortgage holders,the first one has been very understanding and seen to it that the payments has been submitted to our account they also recieved our reaffirmation from the courts.

now we get to citifinancial....... my local branch will not talk at all 15 years gone down the drain this is the loan i used when the market was booming so i am calling some number in some damm land i never heard of and speaking in a language i just dont understand this is now the friends i guess i never knew my account now stays the same month after month the voluntary payment coupon keeps coming and i keep paying shoud i?

now this might be funny my local branch in virginia cant talk to me but the voluntary payment goes to citifinancial po box 6932 the lakes nv 88901 do not do bussiness with citifinancial/citibank/citigroup even i may stop

ps the goverment gave them 13.50 billon


Bo
spotsylvania, Virginia
U.S.A.

This report was posted on Ripoff Report on 01/16/2009 10:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/Citifinancial/Spotsylvania-Virginia-22553/Citifinancial-after-reaffirmation-from-bankruptcy-and-timely-paymentsguess-they-dont-want-413128. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 Consumer Comment

bailout

AUTHOR: briana riche - (U.S.A.)

What does your loan have anything to do with them getting a bailout. Just because they got a bailout you should not have to pay your loan. Guess what just like you they had to pay the loan back and they DID!! Also your loan is simple interest, that means each payment pays interest firs depending on how many days between payments. If your daily interest i $3 (just an example) and you payment is 100, and has been 30 days since last payment then you have 90 in interest and 10 toward principal, but if has been 33 then 99 in interest and 1 towards prinicpal, if have been 40 then you owe 120 in interest and you paid 100 which leaves 20 that must be paid the 30 days of interest before any can go to prinicpal. Also most of the beginning of your loan is all interest.

As i said before your loan was transfered to a bk branch to make sure all bk laws are followed and your local branch no longer handles your account at all. It is not even part of their collections. Also i am sure the bk made citi reduce the payment and maybe the interest rate to help you pay which probably also extended the term as you still owe the same amount of money to citi even though you filed bk, so if they had to lower the payment citi would have to extend term to get the same amount of money.  If you do stop paying they can go to the courts to get a stay since you would have defaulted on the loan and then they can start legal action against the home since you reaffirmed the debt.
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#2 Consumer Comment

You filed bk

AUTHOR: briana riche - (U.S.A.)

When you file bk your account is transfered to bk dept which is at another branch and state that only handle bk account for legal purposes. The office you did your loan with does not have full access to your account since it was transfered. It is not even part of their collections. It would not do any good since you have filed bk to talk to them since nothing can be done on your account. The nv adress is the same for everybody this is a payment processing center for all citifinancial accounts.
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