If a credit card is in collections, is there any way to move it from collections to the original company?

Question

2 of my credit cards are in collections, I worked out payments with citibank for my mastercard and they are willing to help me. The collection agencies for the other 2 want such a high amount of payment that I cant keep up with (I am a full time college student). Is there any way to remove myself from collections and continue payments with the original company (citibank)???

Well yeah I know now not to use them. The only reason it was hard to keep in contact with my them was because I was away at college.

Answer 1

No.

Citibank has already sold your account to the collection agency.

Answer 2

Once the collections are sold they are gone from the original bank. Had you been in contact prior to them being sold you had a chance. Remember if you are behind or have problems always call you creditor and see if you can work something out, most times they will work with you, ignoring them only makes it worse.

Answer 3

I think Citibank has to withdraw the account, as it they are the ones that contracted for assistance from the collection agency.

Answer 4

stop using credit cards. it is so hard to maintain and it is too easy for people to get in deep debt