Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Paying Your Bills
Profile Image

Question By
mlzg216224

0 Contributions
0 People Helped
Question Regarding Large Settlement Offer
Hello all,

Hoping someone can offer guidance here.

My husband currently has a large debt with Citibank in the vicinity of $19K. Yesterday he received a letter from Asset Acceptance offering to settle the debt with them for $1900. Of course, my immediate reaction was "Heck Yeah!"

However; I believe there is a judgement against him for the full amount, and the letter does say "A zero balance on your Citibank account WITH US"

So, the skeptic in me is now wondering if we accept this offer, are we still liable for the judgement? The judgement was issued years ago and thus far, no actions have been taken.

Clearly, if this is a legitimate offer, I want to jump on it, but don't want to flush 2 grand down the toilet either.

Thank you in advance, for any assistance!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.