Received offer at 60% of CO blance from CA...what to do?

[RobertEG]

It still looks bad because it informs others that, in the past, you did not fully pay all of the debt incurred, and thus the prior creditor took a loss.

While the prior creditor may have chosen to accept less than they shelled out, that does not entice a future creditor to lend when the consumer has demonstrated a prior history of not fulfilling their entire debt obligation.

[money_talks]

Can someone verify that the util below would indeed be accurate once I settle this Capital One CO?

This is what currently shows in my EQ CR.

FP = (0 bal and 300 CL) = 0% util

Credit One (119 bal and 650 CL) = 18% util

Capital One CO ($2700 bal and 1500 CL) = 180% util

Total = $2819 bal and $2450 CL = 115%

So once I settle this account, my util should look something like this right?

FP = (0 bal and 300 CL) = 0% util

Credit One (119 bal and 650 CL) = 18% util

Capital One CO ($0 bal and 1500 CL) = not included in util

Total = $119 bal and $950 CL = 13%

[guiness56]

Yes, that is what it would be.