Regular Contributor
Posts: 228
Registered: ‎06-22-2008
First Premier CO Settlement Question

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!


2014 Goal ....... 700 Club   ...... repairing credit takes patient.
08/19/12 FAKO Scores - TU 560 EQ 545 EX 545    
09/29/14 FAKO Scores - TU 704 EQ 724 EX 714    
09/29/14 MYFICO Scores - TU 700 EQ 689 EX 711