First National Bank of Omaha

I currently owe $6090 to First National Bank of Omaha and am 7 months behind on my payments. I received a letter from them stating that they are going to charge off my account at the end of this month. I called them this morning to see about doing a settlement. They told me that because I only had the account under a year that they were unable to offer me a settlement. I have had my account with them for 9 months. I told them that I cannot afford the $6K but they refused to work with me. I told them that I would deal with the CA then.

Once it goes to collections, will I still be able to settle with the CA or will they follow the OC rules as well? I know that once it goes to CA to send a validation letter just not sure if the CA will be more willing to work with me than the OC.

Has anyone dealt with this creditor and/or situation before? If so, what was your outcome? Any thoughts or advice is greatly appreciated.

Thanks,
Kim