I have a charged off account with Cap. One with a balance of around 15K, 5K of that being interest and charges. I would like to settle the account, but they won't accept anything less than $4.5K---and can do it over payments in 6 months. I have 2K and would like to settle for that amount in order to resolve this ASAP so everyone can move forward. Does anyone have any suggestions about how I can resolve this issue. The collection agency has told me that it is pointless to contact Cap. One directly.
contact cap 1 through planet feedback. The collection companies usually only pay 50% back to the creditors. So you can usually get 50% of what you are asked for by the collection company direct to the creditor satisfactorily.
