Should I accept a debt settlement from a collection agency?

I had a checking account with Bank of America that was closed due to overdraft. I received a letter in the mail today from a collection agency willing to offer me a settlement – I pay $ 349 on a $ 680 debt and I’m good. My only concern is that BoA will continue to sell my account for the remaining balance. Should I contact BoA and see if I can settle through them or do I have to go through this collection agency since my account has been sold to this place? I’m trying to pay off my debt…I’m just very ignorant to this all still.

Register New Account
Reset Password