HI. I have an Emerge card about six years old. The account has been closed by Emerge. About 3 years ago I was late 90 days but since then I pay on time every month. The problem is, it has a $500 credit limit but due to interest, you know, the high balance was about $1800 at one time. I just couldn't seem to pay the thing off. Now the balance is about $1100 and I am able to pay about $1000 towards this bill. Am I doing the right thing by just trying to pay it off? Should I negotiate something here so I don't have to pay the entire $1100? It does show up as a negative on my credit report. But the payment history has been good for about 3 years. How should I approach this. I am willing to just pay off the entire balance within the next two months but is that the smart thing to do? How will this help my credit score? Thanks...

you may want to post this in the main credit forum.