Citifinancial
Borrowed $3000, Balance Became $6800 After Debt Consolidation
- 03-19-2012
- 29
First, I borrowed only $3000 from Citifinancial. I had already paid them $150 per month for 6 months when I asked someone to consolidate for me. When the balance was opened, I owed Citifinancial $6800.
When they consolidated with MBNA and Capital One, these banks were very honest in listing the amounts. I owed MBNA $10K, so my balance to open with the consolidation was $10K. I owed Capital One $7K, and they opened the balance at $7K, and they dropped my interest from 10% to 1%. I owed Citifinancial $3K, but they opened the balance at $6800.
If people borrow money from Citifinancial, I suggest they borrow a lot and a lot from them and then declare bankruptcy, because these people have no humanity. They still robbed you even though you are in difficult situations. I was thinking of returning people's money, because at least I feel it is the right thing to do. But Citifinancial does not understand, and you should not need to understand these people. They are evil.
Capital One is one of the best banks in my life. If I do not pay back money to Capital One, even with their 1% interest, and to MBNA, I really feel very bad. Having someone consolidate is also one of the worst things in my life. They charged a 10% annual fee that I didn't know about and charged $1K to do the paperwork.
If you are in a difficult situation, you can consolidate for yourself. If the bank is not polite to you in your difficult situation, you have a right to declare bankruptcy, which only takes up to 7 years, and then you will not be stressed with money you must pay monthly. If you say you are going to declare bankruptcy, they are very scared. If no one pays them money back, they will be in trouble. Would they rather get money back without interest or lose all the money? Which would they prefer? Money back or lose all? Logically, the answer is they would need money back. You must be firm and strong.
I hope this helps other people who are in debt like me and in difficult situations like me, with no job, no house, no life. Have a great day, people.
Company: Citifinancial
Country: USA
City: Mississauga
Address: Matheson