I had two citibank cards that i had stopped paying for two years. when i decided to pay back all my debts last year and I gave them a call (back in Novemeber) the accounts were still with them.
They immediately offered me a settlement to be paid in 12 installments. They were not easy to work with because at first i couldn't agree to initial monthly payments they offered. then they offered me something a bit better so i took it. between the 2 accounts,they took off about $1300 which will be reported to the IRS.
Also, they refused to send me a letter about our agreement.


