I owe capital one 4,000
I want to reimburse by making payments to the collection agency but they said "no"
If I want to settle with them what are the proper steps to filch?
Pleas help.
I notice it's already on my credit report as charged off.
Please any warning would be greatly appreciated.

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Answers:    "Charged off" doesn't mean that you don't owe the money. Rather it's a guard term import they don't consider the debt current, drawing interest, so they can count it as a valid asset on their books with the regulators.

Collection Agencies are solely interested in collecting money. They don't adopt payment plans beside minimal payments as if you still had a credit card next to Cap One. However, they will work out installments with you, if they come across their parameters. Try sending within some money to them. I guarantee they will NOT send it hindmost. Usually if something is paid on the narrative monthly on a regular basis, at lowest they won't sue you unless the statute of limitations is coming close. If you want to truly settle with them; afterwards they are going to want to know your current financial circumstances in establish to make a judgment as to what they think you can clear or what they think they can collect from you. Better to settle than for them to gain a judgement and garnish your wages; rob other assets, if you have them.
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