I have terrible credit (FICO 470), six charge offs and 1 good standing (Auto loan). I was recently laid off due to downsizing and have no real recourse. I may be able to pay the $1100 to CAP1 in installments. I am in a dilemma. If I pay off, at least I have one open account. If I settle, will they take the chargeoff from my reports. I recently joined Junum and am awaiting responses from the CRAs for my first round of disputes. Any advice as to a plan of action is appreciated.