Motorcycle Loan Settlement offer what should I do

[utmcx]

Back in 2019 I bought a motorcycle and due to the pandemic I was able to keep up with the payments and the loan defaulted. The amount due was around 18k and I just got an offer in the mail to settle thebloan for $12.6. I'm debating on taking this offer but not sure how I should do this... I would love to pay and have it fully removed from my report, but in their offer letter it states that they will Inform the CBs that they received a settlement and update the profile. 

what should I do here? Any advice? FYI the lean holder is HDFS. 

thanks 

[FireMedic1]

Welcome. Need the Lenders Name. Was it repoed? Was it sold at auction and you owe the balance of what was remaining that didnt pay it off? Need a few more details.

[pizzadude]

Also you should take in to account the statute of limitations, to understand your odds of being sued for this debt.  

[utmcx]

This is with HDFS and it was NOT repoed. As stated before 18k and they are offering 12.k settlement