I went deliquent on a capital one card in 2011 and the balance is now around $ 750. I can easily settle with them and pay it off but want to make sure im doing the right thing. I know it will fall off after 7 years but when i look on my credit report the collection account says opened in jan 2015. Im guessing this is when portfolio started managing the account. Would it make sense to just settle with them and start the 7 year cycle over again. My research indicates that these guys dont play ball when it comes to changing what is reported on the credit report. If there is a better way to deal with this than to just settle or if i should try and get something in writing like a paid as agreed status i would love to know how. Thank you for your time.