Can you settle debt with a collection agency?

Yup. It is not going to help your credit but you should always be asking the ca for a settlement first.

The main point of debt consolidation IS to settle the debt with the collection agency. They ask for an amount and you say you can only pay a certain amount because of your job, other bills, etc. They always try to make you pay more but will ultimately agree on an amount in the middle of what you are offering and their offer.

Yes, you can settle debt with a collection agency. But you have to know the right negotiation skills so that the CA agrees for settlement.