Not looking into the ethics side of things. If someone has been delinquent on an account for two years and receives a 20% settlement offer from a company representing a credit card. Should they accept the offer and wash there hands of it.
Or is the damage already done to there scores, and paying it with a settlement will just sit as another bad mark? Should you counter offer with a "pay to delete" amount?
There does not appear to be much liquid assets to do a lump sum settlement, But the 20% they are offering is swing-able. I just don't want to give advice that will not do much good, but stop some calls and drain the limited savings.
