I had a credit card from capital one go to collections about four years ago. The original amount was 1400 now its 2800 plus. It is with the collection agency NCO financial. I am looking to try to get this paid but I am not sure how to approach this. Basically I can't pay the full 2800 so should I just arrange monthly payments? Or should I try to settle for less? And suggestions on how to handle this would be appeciated!
And if you settle with Cap 1 they will report any balance still owed under the collection account with it saying settlement for less than full balance and if you call to ask why they are reporting a balance they say well because you still have one if you wanna give us XXX money we can report it as paid in full zero balance