It is my understanding that if you owe a large amount on a credit card to Citi and then default that you have a good chance of buying your debt back from them at pennies on the dollar. Is that true and if so what written terms do you need to get from them so that the debt will show up as paid (but maybe not as agreed) on your credit report.
Nice try. Citibank isn’t going to give you the time of day on that one. You have no chance of buying your debt from Citibank. Citibank and other creditors sell bad debts packaged with thousands and thousands of accounts costing millions and millions of dollars to qualified purchasers.