I have a First Premier Charge Off from 2009 for $419.  No CAs on my report for this debt.  

I have written them twice for a PFD, but all I got was 2 form letters stating info reporting correctly, etc etc etc

Yesterday I called them and offered full payment of the $419 for PFD or just Paid as status.  Refused.  They came back and offered to take $250 (original limit) as a settlement.   I told them I would call back tomorrow.   

Is a paid CO better than what I have?   Will it re-age this account, making it stay longer on my report?

Should I pay and them just keep GW to death for the next 4  years?

Any suggestions will be most appreciated!