Citi not getting any more from me - input please

[Longshanks]

Found this site and have to say it has really opened my eyes. Struggling with a Citi card at about 16,000 and at 14.9% which I opted out of when they decided to rate hike a few years back, so yes it's closed. With less than half my minimum payment going towards the balance, it will of course take forever to pay off while I'm trying to "Do The Right Thing". So I've decided to stop paying while I save my payments for a possible settlement down the road. I've seen mention that Citi is of the aggressive type and is one that may like to sue - should I be worried of that? And any other input is greatly appreciated. Thanks.

[Evan Bedard]

Welcome and thanks for joining the community.

Has the account been charged off?

[Longshanks]

No charge off, as I'm still making my monthly payments but getting nowhere. Found this site the other day and was reading about how people have stopped paying and have ultimately settled with a much lower total, which I'm hoping to do.

[IOAlot]

Settled a Sears Citi for 40% after 4 missed payments. They will deal, but they tend to like lawsuits after CO.

[Longshanks]

Thanks for the info IOAlot, I'll just have to make sure I don't let it go that far. Also, I've heard / seen that it's best to stop paying on all credit cards I have, not just the big one. I have a BOFA card with a 4500 balance that's currently at 0% but will jump to 12.9% in September - then a Chase card with a 1900 balance at 9.9%. If I stop payment on one, should I stop all three? Thanks.