On Wed, 15 Apr 2009 19:57:28 -0500, Kevin Vang wrote:
In article ,
says...
No real shocker there, except for the part where a lot of people are
ignoring this potential next shoe to drop(possibly alongside commercial loan
defaults). Citi is in especially bad shape on this one.
Speaking as a former holder of a CitiBank credit card, CitiCorp and the
horse they rode in on can burn in hell (or bankruptcy court, whichever
takes longer.)
Kevin,
still a little bitter.
I won't pry, but if you feel comfortable in expounding, please do.
Coincidentally, today we received unexpected replacement cards from them because
_YET_ANOTHER_ "security breach" caused them send them out. This is the third
time in two years it has happened (and no, these were not isolated to us). And
another time, Citi allowed someone who fraudulently used a slight variation of
my legal name, using my SSN, except for a single digit, but using a completely
different birthday and address nowhere close to anything of mine, to open a
fairly large credit line card and max it out that day.
Moreover, I have small mortgage on a property with CitiMortgage, never late, and
with a LTV of about 25-35%, that has been handled ridiculously - never anything
to do with late payments or anything, but the property was damaged in Katrina,
being rehabbed, and they are constantly scheduling inspections, which I allow
and meet the inspector and have the inspection, only to have them call me and
ask why I cancelled the inspection. Even three conference calls, _and reports,
pictures, and invoices_ from the inspector, haven't convinced them the
inspections have taken place. They have also increased the payment by a couple
of hundred dollars to cover an alleged escrow shortfall due to an alleged
insurance increase that the insurance company itself has told them is not and
will not occur. Another time, they screwed up the escrow account by taking a
$76.00 yearly tax increase as a $76.00 monthly tax increase (I've never even
heard of monthly assessment of county/parish real property tax, but ???) Several
other similar things have convinced me that CitiMortgage is run by a box of
particularly dumb rocks, a load short of several bricks, and the dullest tool
ever to apply for a place in any toolshed...
And for the record - CitiMortgage, CitiMortgage, CitiMortgage, CitiMortgage,
CitiMortgage, CitiMortgage, CitiMortgage....sucks, sucks, sucks, sucks, sucks,
sucks, sucks, sucks...please feel free to quote me on that...repeatedly...
TC,
R