Reality Bites
Posted by Reinstatement Services, Inc. on June 29, 2007 at 08:42:34:
In Reply to: Getting Citifinancial to deal?
Posted by CAGiraffe on June 28, 2007 at 15:52:08:
The account's history, the newness of the loan, and loan characteristics will determine the type of workout that might be extended if the monthly income is enough to cover the monthly debt.
As a general rule, w/ Citifinancial, best you prepare for assignment of a repayment plan.
You will need a downpayment contribution of about 30-40% of the outstanding reinstatement figure. Plan for a repayment term of 12 months.
Follow Ups:
- Re: Reality Bites - CAGiraffe 09:14:11 06/29/07
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- Workout (url) - RSI 09:30:02 06/29/07
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