Possible to negotiate lower payoff without affecting Credit Rating?
I'm working on paying off some debt, and my next focus is our Capitol One card. We have made at least the minimum payments on time, etc. But I just want to be done with one less card.
I called to say I want to close our card and payoff - if they would accept $3100 as 'paid in full' (our current balance is $3900). But - after doing some research I've found that they SAY it will be considered 'paid in full' with an R9 rating...
Would this also be the case if I pay off an account that is NOT defaulted or late? Would I be shooting myself in the foot since it appears they SAY paid in full, but are quick to also slap an R9 rating?
I also asked to get this in WRITING BEFORE I send payment, but the person I spoke to gave me the runaround and told me to call back in 2 hours because their system was down...???
Is the possible savings of getting this balance reduced worth it, or will it be considered R9 or negatively affect my credit rating??