Credit Card Debt....

[Lawn Elder]

Hi all, this is my first post here, my name is Drew and I've gotten myself into quite a pickle.

I have about $2800 on a citi visa card that I haven't made a payment on in about 20 months. I realize this was extremely stupid and to be honest I don't really have a good excuse for it. I want to take action on this and on my credit in general.

The question in all of this is what is the smart move? I want to make good on this debt and do the best things for my credit now and in the future.

[chane]

Do you have the money to pay it?

[Lawn Elder]

Not all of it, but I can make monthly payments and I want to use my tax return towards it.

[chane]

Well, ideally you could offer them a pay for delete, where they agree to delete it once you pay it in full. But, if it took you forever to pay it, that would ruin your credit for a long time.

[Lawn Elder]

Ok, I have a couple of new developments. 1.) The CA just offered me a 1/2 off deal to settle the debt. 2.)I am getting a much larger tax return than I thought, almost enough to cover all of the original debt. My question now is do I offer them the 1/2 off amount on the PFD or the full amount?

[chane]

1/2 off and PFD.