Just got off the phone with Kohls CSR. Asked about the status of the account and what about a settlement. He said I could settle at 60% of the current balance today and then pay the other 40% later. I was trying to explain that if I pay 60% + 40%, it doesn't quite sound like a settlement. 
Eventually I hung up.
This account is listed under both Past Due(1) and Sent for Collection (1) and 134% of Credit Limit on Credit Karma so I know it's hurting my score a bit. At this point I would like to take action that is best for my score. It's past SOL, but doesn't fall off reports until 2019.
- Settle at 60% for less than full balance
- Settle in full (no way they will PFD)
- Leave alone
If you can pif I would before it goes to collection. I had a similar situation with cap one a year and a half ago. I did a pif and have been sending GW letters every quarter. They have yet to delete, but the at least look at the request every time, and call me to discuss it.
@AutoBot wrote:
@huck1081 wrote:If you can pif I would before it goes to collection. I had a similar situation with cap one a year and a half ago. I did a pif and have been sending GW letters every quarter. They have yet to delete, but the at least look at the request every time, and call me to discuss it.
After you did the PIF, did your FICO go up or down? I assume they are at least reporting the balance as $0 now?
$0 balance paid in full. I can't remember what it did to my score. But, more importantly it got me back in with Cap One, and a debt that I made is paid!
Well that is good. I am already back with CAP1 just need to deal with this old one. 