All -
I am trying to help my boyfriend eliminate his debts. Recently he went to purchase a new car and found that there were 3 accounts showing as delinquent on his cridt report that he didn't remember anything about - one from Chase, one from Caiptal One, and one for his college.
After calling Chase and Capital One, it appears that both accounts have been turned over to collection agencies - NAFS for one, and someplace else for the other. I think both debts are around $800 according to his credit report. As I've never dealt with collection agencies before, I have no idea of where to even start with this or what is an accepatable/feasible amount that these collection agencies would be willing to settle for. Can anyone offer any help as to what to expect/accept as reasonable? He'd like to get these paid off and off of his credit report ASAP.
Any help is appreciated!