Post by: charby on January 10, 2008, 10:25:24 AM
look for citicorp
http://accurateshooter.wordpress.com
Also phone numbers for anyone who wants to call...
To voice your concern to Citi Merchant Services and First Data Corp., please contact June Rivera-Mantilla at 631-683-7734 or her supervisor Robert Tenenbaum at 631-683-6570. Time to fill up somebody's voice mail.
Post by: Manedwolf on January 10, 2008, 10:37:29 AM
CitiGroup is also one of the global companies moving into "Islamic banking" after some Islamic interests bought large stakes in CitiGroup, opening branches that make loans under Sharia religious law. (Charging 'rent' on loans, not interest, semantics used to satisfy the no-interest restriction). And AFAIK, such services are not available to anyone who walks into an Islamic bank.
Quote
CIIB is also working closely with the other Islamic banks to develop a range of Islamic products which are attractive for a broad investor base. These products will incorporate the knowledge, technology and experience of Citi from various markets while conforming to the principles of Sharia. With this, we hope to deliver continued value for our customers and expand the horizons of Islamic Banking.
So they're anti-gun, and pro-Sharia.
Innerestin'. Who's their biggest stakeholders now, I wonder? Soros? People in Dubai? (I know it's 'Islamic investors' but they won't say more than that.) Who?
Quote
In terminating CDNNs merchant services account, and freezing $75,000 of CDNNs card collections, Citi Merchant Services ( CMS ) and First Data specifically cited the sales of firearms in interstate commerce as the reason.
Also, CitiCorp is going to get their posterior sued off, I think.
Quote
Charlie Crawford, president of CDNN Sports Inc., explained: We were contacted recently by First Data/Citi Merchant Services by a June Rivera-Mantilla stating that we were terminated and funds were being seized for selling firearms in a non-face-to-face transaction. Although perfectly legal, we were also informed that no transactions would be processed in the future, even for non-firearms.
Um. I just bought from CDNN. They do not ship directly to you. They ship TO AN FFL, which satisfies all GCA law requirements. They don't have a legal leg to stand on. I hope CDNN gets a massive settlement plus damages.
Post by: Creeping Incrementalism on January 10, 2008, 12:28:10 PM
Post by: GeoJAP on January 10, 2008, 12:32:53 PM
Post by: Paddy on January 10, 2008, 12:41:02 PM
Post by: charby on January 10, 2008, 01:02:35 PM
Citigroup also runs that crooked Primerica organization cult.
Fixed it for you
Post by: The Rabbi on January 10, 2008, 01:16:56 PM
I do have a problem with a company that is too stupid to understand what their customers do and act based on their own misinformation and stupidity.
I await the inevitable lawsuit.
Post by: charby on January 10, 2008, 01:29:18 PM
I do have a problem with a company that is too stupid to understand what their customers do and act based on their own misinformation and stupidity.
I await the inevitable lawsuit.
I await the inevitable lawsuit.
I agree 100% with you!
Post by: MechAg94 on January 10, 2008, 01:42:33 PM
My girlfriend's mortgage is through Citicorp and they constantly try and rip her off. She always pays more on the principle, but Citicorp will always apply that amount to her interest, which warrants a lengthy phone call from her to their customer service department to resolve it every single month. It appears that this is intentional, since it happens every single month.
Might be worth the trouble to refinance. That is bad service/bad business. I have a Wells Fargo mortgage right now. I pay electronically and have had no trouble with the extra money being applied to the principal.
I used to have a Chase loan. They had it so you put it in as a line item on the bill as to how you wanted the extra money applied. My car loan used to be through them and it was the same. Extra money went to principal.
Post by: Brad Johnson on January 10, 2008, 02:17:05 PM
My girlfriend's mortgage is through Citicorp and they constantly try and rip her off. She always pays more on the principle, but Citicorp will always apply that amount to her interest, which warrants a lengthy phone call from her to their customer service department to resolve it every single month. It appears that this is intentional, since it happens every single month.
Mortgage companies will ALWAYS apply any overpayment to interest first unless it is specifically directed to principal. Have her write a seperate check and put "Apply to Principal Balance Only" in the memo line. Then if they apply it to interest you can really hammer them on it.
Brad
Post by: Paddy on January 10, 2008, 02:25:33 PM
Quote
Mortgage companies will ALWAYS apply any overpayment to interest first unless it is specifically directed to principal.
I'm not understanding that for some reason. If a payment is more than the accrued interest, the balance is applied to principal. IOW, all the accrued interest is paid. What interest is left?
Post by: Brad Johnson on January 10, 2008, 02:40:32 PM
Quote
If a payment is more than the accrued interest, the balance is applied to principal.
If you pay more than your calculated total payment, the remainder is applied to future interest. It is only applied to principal if you specifically instruct them to do so. They want the principal balance to remain as high as possible so it will continue to accrue interest.
Brad
Post by: RevDisk on January 10, 2008, 02:40:56 PM
Innerestin'. Who's their biggest stakeholders now, I wonder? Soros? People in Dubai? (I know it's 'Islamic investors' but they won't say more than that.) Who?
The largest investor is Abu Dhabi Investment Authority (branch of the Abu Dhabi government), second is Kingdom Holding Company (90% owned by Prince Alwaleed). Mind you, both organizations are invested in hundreds of companies.
Post by: Paddy on January 10, 2008, 02:43:52 PM
Post by: atomd on January 11, 2008, 05:56:07 AM
Oh....so according to Citicorp you can seize or freeze (aka steal) money from someone because you think that they might be in violation of the law? What the hell?
Post by: MechAg94 on January 11, 2008, 06:05:18 AM
Post by: MechAg94 on January 11, 2008, 06:07:46 AM
Now I know I my Dad had a similar problem with a car loan a few years before that. He said he had paid extra and he noticed that they didn't bother to send him a bill/statement. He called and they said he was paid up for the next few months. He would have to send in checks himself if he wanted to continue paying.
Post by: atomd on January 11, 2008, 07:54:09 AM
Post by: HankB on January 11, 2008, 08:39:08 AM
Post by: Brad Johnson on January 11, 2008, 09:51:10 AM
Quote
Wells Fargo charged me $15 to wire money from Wells Fargo to Wells Fargo.
Yep. Wells Fargo Mortgage and Wells Fargo Bank may share the same name, but they are two seperate business entities.
Brad
Post by: Tecumseh on January 11, 2008, 10:42:39 AM
Its their choice just as it is our choice.
Who cares if they help conform their standards in Islamic countries to fit the business model there? That is there not here. I believe this is because usery is against Islamic law. Their business, not ours.
Post by: Manedwolf on January 14, 2008, 11:24:23 PM
Quote
Citi to Announce Big Cuts and New Investors
By ERIC DASH
Citigroup is expected to announce a series of drastic steps on Tuesday, including the elimination at least 4,000 additional jobs, a steep cut in its stock dividend and another big investment by foreign investors, in a bid to bolster its finances in the face of deepening losses.
Beginning what is expected to be a grim week for financial company earnings, Citigroup is likely to announce a write-down of $18 billion to $20 billion, the biggest yet by a major bank or Wall Street firm, said a person briefed on the situation. Such a big loss, the result of soured mortgage-related investments, could wipe out the banks profit for all of 2007 and plunge it into the red.
As part of a plan to shore up Citigroup, the chief executive, Vikram S. Pandit, is expected to announce the start of a new round of job cuts that many analysts say will accelerate in the coming months. The first reductions, of about 4,000 workers, will come on top of 17,000 job cuts announced last spring.
Citigroup is also expected to turn to wealthy foreign governments again and announce the sale of a $12.5 billion stake to the Kuwait Investment Authority and several others, including Prince Walid bin Talal of Saudi Arabia, people briefed on the situation said. In November, the company sold a $7.5 billion stake to a Middle Eastern fund, the Abu Dhabi Investment Authority.
By ERIC DASH
Citigroup is expected to announce a series of drastic steps on Tuesday, including the elimination at least 4,000 additional jobs, a steep cut in its stock dividend and another big investment by foreign investors, in a bid to bolster its finances in the face of deepening losses.
Beginning what is expected to be a grim week for financial company earnings, Citigroup is likely to announce a write-down of $18 billion to $20 billion, the biggest yet by a major bank or Wall Street firm, said a person briefed on the situation. Such a big loss, the result of soured mortgage-related investments, could wipe out the banks profit for all of 2007 and plunge it into the red.
As part of a plan to shore up Citigroup, the chief executive, Vikram S. Pandit, is expected to announce the start of a new round of job cuts that many analysts say will accelerate in the coming months. The first reductions, of about 4,000 workers, will come on top of 17,000 job cuts announced last spring.
Citigroup is also expected to turn to wealthy foreign governments again and announce the sale of a $12.5 billion stake to the Kuwait Investment Authority and several others, including Prince Walid bin Talal of Saudi Arabia, people briefed on the situation said. In November, the company sold a $7.5 billion stake to a Middle Eastern fund, the Abu Dhabi Investment Authority.
http://www.nytimes.com/2008/01/15/business/15citi.html?_r=1&hp=&pagewanted=print&oref=slogin
Post by: BryanP on January 15, 2008, 03:47:49 AM
Mortgage companies will ALWAYS apply any overpayment to interest first unless it is specifically directed to principal. Have her write a seperate check and put "Apply to Principal Balance Only" in the memo line. Then if they apply it to interest you can really hammer them on it.
Not always. My mortage is through Wells Fargo. I told them one time I wanted extra $ sent in with my monthly mortgage to go against principal, not interest. That's all it took. Every time I check my mortgage it shows that the extra went against principal. Gotta love it.
edit: I see someone else has already mentioned them regard to this behavior.
Post by: 280plus on January 15, 2008, 03:53:18 AM
Post by: Brad Johnson on January 15, 2008, 08:14:22 AM
Quote
I told them one time I wanted extra $ sent in with my monthly mortgage to go against principal, not interest. That's all it took.
That's right, you had to instruct them to do so. If you hadn't they would have automatically applied it to interest. Thus, my statement stands.
Brad
Post by: charby on January 15, 2008, 08:16:22 AM
Quote
Citi to Announce Big Cuts and New Investors
By ERIC DASH
Citigroup is expected to announce a series of drastic steps on Tuesday, including the elimination at least 4,000 additional jobs, a steep cut in its stock dividend and another big investment by foreign investors, in a bid to bolster its finances in the face of deepening losses.
Beginning what is expected to be a grim week for financial company earnings, Citigroup is likely to announce a write-down of $18 billion to $20 billion, the biggest yet by a major bank or Wall Street firm, said a person briefed on the situation. Such a big loss, the result of soured mortgage-related investments, could wipe out the banks profit for all of 2007 and plunge it into the red.
As part of a plan to shore up Citigroup, the chief executive, Vikram S. Pandit, is expected to announce the start of a new round of job cuts that many analysts say will accelerate in the coming months. The first reductions, of about 4,000 workers, will come on top of 17,000 job cuts announced last spring.
Citigroup is also expected to turn to wealthy foreign governments again and announce the sale of a $12.5 billion stake to the Kuwait Investment Authority and several others, including Prince Walid bin Talal of Saudi Arabia, people briefed on the situation said. In November, the company sold a $7.5 billion stake to a Middle Eastern fund, the Abu Dhabi Investment Authority.
By ERIC DASH
Citigroup is expected to announce a series of drastic steps on Tuesday, including the elimination at least 4,000 additional jobs, a steep cut in its stock dividend and another big investment by foreign investors, in a bid to bolster its finances in the face of deepening losses.
Beginning what is expected to be a grim week for financial company earnings, Citigroup is likely to announce a write-down of $18 billion to $20 billion, the biggest yet by a major bank or Wall Street firm, said a person briefed on the situation. Such a big loss, the result of soured mortgage-related investments, could wipe out the banks profit for all of 2007 and plunge it into the red.
As part of a plan to shore up Citigroup, the chief executive, Vikram S. Pandit, is expected to announce the start of a new round of job cuts that many analysts say will accelerate in the coming months. The first reductions, of about 4,000 workers, will come on top of 17,000 job cuts announced last spring.
Citigroup is also expected to turn to wealthy foreign governments again and announce the sale of a $12.5 billion stake to the Kuwait Investment Authority and several others, including Prince Walid bin Talal of Saudi Arabia, people briefed on the situation said. In November, the company sold a $7.5 billion stake to a Middle Eastern fund, the Abu Dhabi Investment Authority.
http://www.nytimes.com/2008/01/15/business/15citi.html?_r=1&hp=&pagewanted=print&oref=slogin
Maybe they should keep their accounts with companies that deal in legal interstate firearms trade.
bastages...
Post by: GeoJAP on January 16, 2008, 07:53:24 AM
My girlfriend's mortgage is through Citicorp and they constantly try and rip her off. She always pays more on the principle, but Citicorp will always apply that amount to her interest, which warrants a lengthy phone call from her to their customer service department to resolve it every single month. It appears that this is intentional, since it happens every single month.
I asked my girlfriend again about this. For three months in a row, she sent in a separate check, wrote in the notes field "Apply to Principle", and checked the approproate box on the monthly bill. Each time they applied the amount to interest. This hasn't happened in a couple of months though, so hopefulyy their thievin' ways have cleared up.
Post by: BrokenPaw on January 16, 2008, 08:17:28 AM
Post by: nico on January 16, 2008, 08:56:24 AM
Post by: Brad Johnson on January 17, 2008, 09:45:53 AM
So, umm, how do I switch my $150k in student loans (and $100k more over the next 2 years) to another company, and who should I move them to?
HO-LEEEE CRAP!!!
Brad
Post by: nico on January 17, 2008, 07:27:27 PM
So, umm, how do I switch my $150k in student loans (and $100k more over the next 2 years) to another company, and who should I move them to?
HO-LEEEE CRAP!!!
. The worst part is having friends who's parents are paying their tuition/expenses out of pocket. I just really hope the rumors I've been hearing of people starting at $150k are true. seriously though, I consolidated my loans (multiple citibank loans into a single one) right before the rates jumped a year or so ago. Since I have additional loans now, would it be worthwhile to consolidate with another company (if so, who?) before I graduate?
Post by: Antibubba on January 19, 2008, 07:08:42 PM
I geti numerous offers from Citicorp/bank/card every week, and they all come with a prepaid postage envelope. I take out everything with my name on it, and put everything else back into it. Then I stuff all the other "pre-approved" credit card offers in it, again with out my name, and I fill it up when I pretty much can't put anything else in it, I add a piece of paper that says "I support the Second Amendment, not Citicorp", seal it, and mail it.
Imagine 1 million gun owners doing that every week, with every Citicorp offer that arrives.
Pass it on.
Post by: jnojr on January 22, 2008, 10:36:59 AM
Mortgage companies will ALWAYS apply any overpayment to interest first unless it is specifically directed to principal.
USAA doesn't. I have never specifically directed that my "extra" payments go to principle, yet they do, each and every month, without exception.
Post by: Balog on January 22, 2008, 04:25:42 PM