Most defendants think that they owe the credit card company somthing, and attempt to make montly payments. The problem is that the credit card company (or the collection agency) may not have accurate information, may have included additional fees or costs which you may or may not owe, or may include amounts barred by the statute of limitations. You should have an attorney review the most recent statement you have, copies of the demand letters and any other correspondence or written instruments before attempting to settle the debt.
