Collection or Closed Account

[debtstopay]

I got behind with 1 of my cc (barclays). Before, I could make a large lump sum payment, they closed my account. Is the account considered a collection account or just closed? I was told over the phone that I should continue to make monthly payments to them every month.

 

I would like to make a settlement offer it is considered a collection account.

 

Is 70% a good amount to ask for a settlement offer today.

[debtstopay]

^bump

[ggg]

It will be reported as closed by credit grantor. And it sounds like they closed it because you were in arrears, right? So they're not likely to report it positively. If they're still taking payment it's a negative trendline, probably not likely to be reported as a separate collection. But, what do your reports say?