I returned the phone call to Alliance One, even though Capital One still owns the debt. Alliance One offered to accept $5200 on a debt of $6100, or a down payment of $2400 to continue my reduced payment schedule of $50. Alliance One hung up on me when I said that I could do neither.
What can I expect from Capital One/Alliance One; just make the reduced payments of $50 as originally agreed upon (verbally)? What recourse do I have if they do not accept this offer?