That's what happens when debts are not paid on time - they grow due to interest, late fees, and the like.
Have they confirmed in writing that once you pay the lowered amount that they'll delete the entry from your credit report?Quoting Joshua808adams
Is this a collection agent for the original creditor, or is this a junk debt buyer?
Note that your negative entry is about to drop off your credit report - it's almost to the seven year mark.

