Need to Settle Charged off credit card.
Ok a little about my situation,
I once upon a time had a visa credit card with Providian National Bank,
But due to some unforeseen circumstances I could not pay the card payments.
I had to choose between the credit card payment and my home so I neglected the visa payments. This is something that I knew I would have to deal with in the future. Well the future has arrived! Providian has written the debt off as a charge off, and it shows upon my credit report as that. It was turned over to a collection agency, First Resolution Investment Corporation. Now I have just received a court summons the day after Christmas. I am not at the point of being able to pay the entire amount, but could probably pay a 75% settlement. I would like to know if there is a way to stop the judgment from happening and how to approach writing a settlement offer letter. Also who to write it to, Providian, First Resolution, or to the Lawyer firm that had the papers served. This is all new to me and I would like to try and settle this without getting the lawyers involved. If you also have advice on how to word an offer letter it would greatly be appreciated.
Thanks for any and all HELP.
{ Encoder }
:confused: