Thank you all for your kind advice.

I don't think I can save my credit history because I owe to other credit card companies also. It is another thing that they haven't taken any action yet. I owe to three more credit card companies a total of about $8000.00. Believe me I had to ruin my credit history because of my difficult unavoidable situation a couple of years ago. I knew and know by doing so, I will ruin my credit history for the rest of my life as long as I stay in USA and there will be many difficulties as you guys mentioned such as buying house, cars, rent and etc. But I managed and will manage to live up like that.

Yes, the Legacy Reliance Group sent me a couple of forms to sign up and submit $500.00 for settlement of $1800.00 balance. I'm wondering if other companies also do the same and ask to pay the debt, I can't pay that huge amount. In my view (I may be wrong), even if I pay $500.00 bucks to this company, it won't help me clean my credit history, right? I just want to pay this amount so that they won't take any sever action against me.

I heard that the bad credit history will be disappeared after 7 years? Has anyone heard about this? In my credit report (from two credit reporting companies) also, it says something like this:

" Estimated month and year that this item will be removed: 06/2017 "

Please share with me. Thanks.