I think I got lucky. About 7 months ago, a collection agency for Macys sent me an offer letter, setteling. The settlement was, you pay us $$$ and macy will re-instate your account with a $300 limit. I immediately jumped on board. I started using it and it has been helping.
Yesterday, I receieved a pre approval from CapOne. I was hesitant - I did not want to go online and apply just to get denied. It was a unsecured $39 a year with the first years 6 months 0 percent interest. I applied and was approved. I cant beleive it.
How does one get pre approved? I did not initiate it at all. if someone could shed some light on that, maybe you should try.
Also, Do other collection agencies offer what the Macys collection aganecy offered me? I wonder if it is possible to negotiate that.....