Q: I was blacklisted by Citibank and now other cards are declining because Citibank has chosen not to do business with me.
I feel this is an end run around the fair credit reporting act. This stems from cash deposits on Best Buy and $100 purchases to Star Trek online totaling $5k. I’ve written a letter to Citibank requesting to be removed with a copy of my bank statement showing $50k/month in verifiable deposits. Citibank did not reply. Can an attorney get me off the blacklist or bring suit for defamation. I was not behind with Citibank and immediately paid off the 2 accounts they closed with Best Buy and Home Depot. Since I was not late and paid off my accounts I don’t feel that Citibank has the right to effect my ability to obtain credit with other organizations
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A:
It's frustrating to be blacklisted by Citibank and experience difficulties obtaining credit from other organizations as a result. However, being blacklisted by a specific bank does not necessarily violate the Fair Credit Reporting Act. Banks have the discretion to make decisions regarding whom they choose to do business with, based on their own internal policies and risk assessments. While it may feel unfair, Citibank's decision to blacklist you is within their rights unless it can be proven to be discriminatory or illegal.
Sending a letter to Citibank and providing evidence of your financial stability, such as bank statements showing consistent deposits, is a proactive step. However, there is no guarantee that this will result in your removal from the blacklist. Consider consulting with an attorney who specializes in consumer rights or banking law to explore your options further. They can advise you on whether you have grounds for legal action against Citibank, such as defamation or breach of contract, and help you navigate the process.
It's important to remain patient and persistent while seeking resolution to this issue. Keep records of all communications with Citibank and any other relevant documentation that may support your case. Additionally, continue to monitor your credit report for any inaccuracies or negative marks resulting from Citibank's actions. By seeking legal guidance and advocating for yourself, you may be able to improve your situation and restore your ability to obtain credit in the future.
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