Greetings all. I am in need of help/advice. I had a Capital One CC that has been charged off since 2006. My intial LOC was $200, but through late fees and interest is has climbed to $895 as of today. I recently got a settlement offer from Plaza Associates for about 40% off. Seeing other forums, I sent them a certified DV letter. They sent me a printout of all my bill statements from Capt One. I sent them a second letter to once again properly validate. I received a letter with Capital One letter head stating that they verified and I owe it. The letter looked fake and it wasnt even in color, capt one usually sends official correspondences in color. I called the toll free number at the bottom and it said it was Sewell and Associates???
I am trying to get a mortgage in the next few months and the mortgage company said they project a 100+ FICO score increases from all three bureaus which would put me in prime financing with a good rate.
My question is should I PIF or Settle? I tried calling Capt One and they said they cannot do anything since the account has been charged off and sold so many times.
Time is against me as we are trying to start the process in March
