Debt settlement – Please help!?

I have a debt for $ 900 at a collection agency. I was not aware I owed this money, the account is a few years old and has apparently been passed through 2 collection agencies. The one that is trying to collect from me right now is the second one.

I am wanting to settle with them, but am unsure of what to offer. I was thinking $ 580. Do you think that they will accept this? I have never had to do this before, so I am very confused!

Any help/advice you can offer would be appreciated!!
It is an old credit card debt.

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