I have a Chase credit card where I owe about $14,000. I am more than 3 months behind, and Chase has offered to settle the account for $4300. They sent a letter with all the terms of the settlement agreement. They are requesting I pay the $4300 in 4 payments. Everything looks good, except that nowhere in the letter does it specify how the account will reported to the credit bureaus. I've called several times and asked them to include some language (i.e.: account paid in full, with a remaining balance of 0.00), but they refused.