Quote Quoting Mr.Fix_It
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Good advice. Yes I'm current on every account. Never missed a payment. My FICO score is mid 700s as well so I don't want to trash my credit, default for 180 days or however long it takes for them to be willing to settle for less. More I think about it I'm the ideal card holder. Rack up a debt I can't afford in a timely manner and pay the minimum on time every time - why would they help me pay it off and lose all that interest? No leverage.
If you settle for less then what is owed, you will still hurt your credit rating as the card company will report to all credit bureaus that you settled the loan for less then what was owed.