https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/settle-or-continue-to-pay-slowly-in-full/m-p/614704#M91451 <P>I've been paying a CA about $170 a month on a Paypal account that was around $4500 when I first started with the CA. Every time they call to make payment arrangements, they always try to get me to settle. They are hoping my tax return in a few months will put this to rest once and for all. I still owe about $3300. I think they will take as little as $1200 to settle it. I know they are making out bigtime if I continue to pay the monthly amount (because they paid pennies on the dollar for this), but I suppose they would rather just have the settlement amount instead for some reason.</P><P>What should I do? What sort of leverage do I have once I actually have the settlement amount, or am I better off dragging this out and having it show as "paid in full", even though it was a charge-off?</P> Wed, 30 Dec 2009 15:31:58 GMT SeanAndrews 2009-12-30T15:31:58Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/settle-or-continue-to-pay-slowly-in-full/m-p/614704#M91451 <P>I've been paying a CA about $170 a month on a Paypal account that was around $4500 when I first started with the CA. Every time they call to make payment arrangements, they always try to get me to settle. They are hoping my tax return in a few months will put this to rest once and for all. I still owe about $3300. I think they will take as little as $1200 to settle it. I know they are making out bigtime if I continue to pay the monthly amount (because they paid pennies on the dollar for this), but I suppose they would rather just have the settlement amount instead for some reason.</P><P>What should I do? What sort of leverage do I have once I actually have the settlement amount, or am I better off dragging this out and having it show as "paid in full", even though it was a charge-off?</P> Wed, 30 Dec 2009 15:31:58 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/settle-or-continue-to-pay-slowly-in-full/m-p/614704#M91451 SeanAndrews 2009-12-30T15:31:58Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/settle-or-continue-to-pay-slowly-in-full/m-p/614715#M91457 <P>If you have the financial ability, a PFD is always a great way to go.&nbsp; If they accepted $1200 with the "written" agreement to delete...then you settle the account and remove it from your CR.</P><P>&nbsp;</P><P>&nbsp;</P> Wed, 30 Dec 2009 16:09:32 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/settle-or-continue-to-pay-slowly-in-full/m-p/614715#M91457 Anonymous 2009-12-30T16:09:32Z