Capital One pay or settle?

[HA2007]

I need help. Please

I would like to know what would be better for me. I have 2 capital one charge off. I want to know which

would better for me to do pay or settle? I trying to rebuild.

(1) cl was $ 300.00 charge off $ 1219.17 will settle for $ 715.04      DO 03/02 DLA 05/04

(2) cl was $ 700.00 charge off $ 2369.33 will settle for $ 1348.50    DO 10/03 DLA 08/04

I just talked to them this morning.

Thanks for all your great mines.

[My_dog_FICO]

HA2007,

  First, regardless of which one you wish to settle, have the money on hand so that you can settle immediately.

  Second, contact the CA and request a PFD.  If they will agree to that over the phone, great, but fax one of the PFD letters from here on the boards that includes the language that they will DELETE the entry on your credit reports within 2 business days of them receiving the funds and have them sign it and return it before you sign it and send it back. 

  Third, do NOT pay over the phone - send certified check CMRRR.  If you pay over the phone they have your account information and we all know CA's are the devil's creation.

Hope I helped.  If anyone else would like to chime in, please do.

[HA2007]

FAKO_

Thanks for the input. I can pay, I will try the PFD letter.