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Citibank Bankruptcy rules

Posted Sun September 30, 2007 2:50 pm, by joyce w. written to Citibank N A

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Why is it that Citibank is so inflexible when it comes to credit and individuals who, for different reasons found, themselves in the financial doldrum and had to file bankruptcy? I had to file for bankruptcy six years and have since, re-established credit. I have CCs from WAMU, HSBC and Patelco Credit Union but I've heard so much of some of Citibank rewards cards, I attempted to apply for one but decided against it when I read the comments of applicants on Whogavemecredit, who had to file bankruptcy. All of them had their application rejected by Citibank. One would think that with the credit card market being so enormous, with so much competition around and the potential for a large group of new customers, most of whom will never be reckless again with the use of credit cards, that Citibank would relax its draconian bankruptcy rules.


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by Vayacondia Posted Mon October 1, 2007 @ 9:54 PM

No offense but I wouldn't bother with you either. WAMU and HSBC are
well-known to be subprime lenders. Just because you have cards with
them doesn't mean your credit is sparkly. Wait another 4 years and
maybe it will look better. Citibank's not all that great anyway.

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by RedheadWGlasses Posted Mon October 1, 2007 @ 1:40 PM

Why do you need more access to more credit card debt. Are you living
beyond your means once again?

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by - Leanne- Posted Mon October 1, 2007 @ 10:43 AM

It takes a rare person to change their old spending habits with their
credit.

In your own words, with so much competition out there, I have to
wonder why you don't seize the opportunity and go elsewhere?

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by LadyMac Posted Sun September 30, 2007 @ 8:08 PM

draconian - exceedingly harsh; very severe. This, ma'am, is neither
of those things.

Have you any idea how many people file bankruptcy on more than one
occassion? A fairly large percentage. What is wrong with Citibank
trying to protect itself?

Had you actually applied for a card and been declined, you MIGHT have
a beef with Citibank. But since you've resorted to relaying second
and third hand information, your complaint is hardly credible.

You simply don't know what those people's individual circumstances
were. So for you to base your complaint on that is really just
laughable.

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I agree but..... by Adam W Mon October 1, 2007 @ 12:09 AM


Some do learn by LadyMac Mon October 1, 2007 @ 11:47 AM

by Rubbertoe (.com) Posted Sun September 30, 2007 @ 4:21 PM

If I was a bank, I'd be a little nervous as well... someone that has
already filed for bankruptcy, already has three new credit cards since
then, and now they want another credit card from MY bank? Heh...

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bad thinking by Robert Dupuy Thu January 24, 2008 @ 9:58 AM




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