I've been rebuilding my credit for over a year now with some decent sucess. My scores are almost all 600+ now when I started they were in the low 500's MyFico score was 638 last month. In the next few months I will be getting a decent sum of money enough for a down payment on a house. My goal is to beable to buy a house end of this year early next. That being said I have 2 debts that are from 2008 showing on my credit. I know it effects me because my latest credit card from my credit union I had to pull teeth to get because they both show up as Aug 2012 now as the debt was resold. One is for Citi Fini for around $4800, in octover they wanted to settle for $1000 but I lost my job and couldn't. After I sent them a Cease and Disist letter they sent me an offer for $1100. The Letter states "Once payment is processed and applied to the account, the account will be considered Settled in Full. You will be released from any further financial liability" . Now before I can buy a house I know these 2 accounts need to be taken care of. Do I need anything else in the letter like Debt wont be resold ect.... ? Also if I don't pay in full can they come after me for the rest later ?