Need advice, I don't want to make another mistake....
State: Louisiana
I had a Capital One card in 2005, the limit was like $300. Paid a few times and then stopped, stupid kid.
Anyhow, last week, Portfolio Recovery called me wanting to settle.
The balance is now $1066.76. The last time I paid on this (to Capital One) was 9/2005. Portfolio Recovery bought the account 4/2009
They said they will do a settlement of around $450.00
Should I settle with them? If so, should I settle for $450.00 or less?
I really need some advice, I'm not sure what to do here.