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want to settle w/ Cap1


mzsyd
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I have a collection acct w/ Cap1, SOL expires in Spring of '08. However, I would like to buy a house, and would like to settle. I owe about $1600. They have sent it to a CA. Is there a way I can still call the OC and set up a monthly settelment for a deletion of the TL w/out dealing with the CA? If I have to settle in a lum how much is reasonable?

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If you're trying to buy a home, I hear a -0- balance is preferable if you can't get the deletion. You may want to offer a pay for delete. Otherwise, how old is the debt??? You said the SOL expires in '08, but you didn't mention when last payment was on this account?

I was also told that debts beyond 3 yrs of age aren't as bad to lenders.

Elyse

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