Settlement with cabot

I would think the questions you need answers to are:
1) Can you afford to pay what they are demanding? (No point agreeing to it if you can't afford it!)
2) Will it be full and final settlement?
3) Will it clear your CCR? (And if yes, when?).

There's little point in agreeing to it unless it works for you.
 
Why would you pay 100% when you can settle for 20%?
Would the former leave a clean credit record while the latter would not or something?
Or is it simply a point of principle?
Maybe a bit of long term planning if RichinSpirit wants to live up to his name and get past St.Peter at the Pearly gates ? No point boasting about the 80% of a debt saved when all around you and yourself are on fire.
 
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