PLEASE help how to go about settling CC with OC (FPB and Merrick Bank)

[Anonymous]

Can someone please guide me in the right direction to settle an account with a creditor?

First Premier bank: I owe $424.80. DOFD was 2/2013, so set to fall off in two years, and still one more year before the SOL expires. I want to settle this account. Its messing my utlization up and honestly I just want it done with. I'm tired of it getting sent to a new collection account every so often. My questions:

What amount should I offer?

Do I call, email or write? Do I just call customer service?

Paying a settlement will NOT change my date of first deliquency correct and cause it to remainof for another 7 years?

If I call them and they agree to settle, do I ask them to mail me something before I pay it?

Same question for Merrick Bank, I owe them $800, same time frame as my First Premier. 

I just want to do this correctly. Thanks

[RobertEG]

Does the creditor still own the debt, or have they sold it to the debt collector?

If the debt has been sold, you cannot offer or make any payment to the original creditor.

Is the OC reporting, and if so, what are the derogs they have reported?  What is the current balance and current status on the OC account?

Collections are excluded based only on the DOFD plus 7 years plus 180 days, regardless of payment status.

Paying will not extend the exclusion date of any collection.