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Is it ok to settle with a CA instead of the OC?

Frequent Contributor

Is it ok to settle with a CA instead of the OC?

I have received a settlement letter from the CA that is reporting my Cap 1.  If I settle with them will they also show that on my Cap 1?  Cap 1 is also reporting on my report, however they are showing as open.  Will Cap 1 have to show those payments?  Cap 1 has not offered me a settlement, or should I just start sending Cap 1 payments until I get it paid and just disregard the settlement offer. 
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Frequent Contributor

Re: Is it ok to settle with a CA instead of the OC?

If Cap1 is still showing open and reporting a balance then I would just send the payments to them. It will help your score as it is still in the revolving section and included in your utilization. Do you know if the collection agency is collecting on their behalf or has it been sold to them?
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