Status of your credit card right now = charged-off

What does this mean?
This means that Discover sold your credit card debt to a collection agency, which in your case is, Legacy Reliance Group. Going forward from now, Discover has nothing to do with your credit card account, you will only be dealing with Legacy Reliance Group to settle this debt. Actually, in reality, Legacy Reliance Group will be dealing with you. They will find ways to make you pay your debt.

And please, please do not settle the debt for a lesser amount than you owe. Pay the full amount that you owe. Do not settle for $500. If you cannot pay it right away, work out a payment plan with them and pay it over the next few months. Just DO NOT settle. Pay them what you owe.

What is so bad about settling for $500?
Well, your credit score is already messed up at this point. If you settle, that debt settlement could hurt your credit score as much as bankruptcy would.

Can a collection agency sue you?
Oh, hell yes!

If you have more questions, ask away....