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Citi Mortgage

Discussion in 'Money & Finance Forum' started by Southern_Yankee, Feb 25, 2009.

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  1. Feb 25, 2009 at 1:30 PM #1
    Southern_Yankee

    Southern_Yankee Full Access Member

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    offered me no fee balance transfers for credit card balances to one of their cards interest free for 12 months then the interest would be the going rate + 4% or something like that.

    Would I be moving unsecure debt to secure debt because they hold the title to the house? Would they have any other recourse against me if I defaulted than a bank that only has my cc account?
     
  2. Feb 25, 2009 at 1:35 PM #2
    Shrapnel

    Shrapnel Stinky

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    All that head-room and no brain
     
  3. Feb 25, 2009 at 3:19 PM #3
    VA49er

    VA49er Full Access Member

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    A credit card by its very nature is unsecured debt. Citi must be more desperate than I thought.
     
  4. Feb 26, 2009 at 10:59 AM #4
    Farmer

    Farmer you eyein' me boy?

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    Aren't yours the posts I've read concerning the personal financial issues? the POS van or something? The credit card debt ran up because someone was out of work with the kids or something, etc? This is all more clear to me now...
     
  5. Feb 26, 2009 at 2:01 PM #5
    wolfpac

    wolfpac Full Access Member

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    Look around on the interwebs and see what Chase is doing with people. Bet Citi is next to REALLY start messing around with people in an attempt to get some money. Just pay the darn thing off and be done with all of them.
     
  6. Feb 27, 2009 at 9:27 AM #6
    wolfpac

    wolfpac Full Access Member

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  7. Feb 27, 2009 at 10:35 AM #7
    VA49er

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    Citi is all but nationalized. The bank does business in many, many countries and most of those countries do not allow local companies to do business with banks that have this much govt control. That can only hurt Citi more.
     
  8. Feb 27, 2009 at 10:57 AM #8
    Southern_Yankee

    Southern_Yankee Full Access Member

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  9. Feb 27, 2009 at 11:13 AM #9
    VA49er

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    Sure. Go ahead, that is a great idea. Especially if you want your credit ruined very very quickly.
     
  10. Feb 27, 2009 at 11:41 AM #10
    wolfpac

    wolfpac Full Access Member

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    That will ensure you stay with Citi since nobody else will take you at that point.
     
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