I have lived outside of the US for almost 4 years now and have no tax obligations or income in the States for this time. Last year I found myself unable to pay my credit card debt which was between 5 accounts totaling about 50k. Up to that point I had perfect credit and payed as agreed every month with never even a late payment.
My accounts went into default in April-August of 2008.
I do regret and feel bad about not being able to pay but my situation at the time did not allow me to pay my cards.
My question is should I send letters and try to settle this debt or should I just let it go?
