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Confused on these debts

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Please Help - In MS


Problem 1: Received a debt cancellation notice this week after taxes were filed. I read about the six exceptions and was thinking just to add this to taxes as income and don't try to fight (the amount is so small). I read that "event code G" means the creditor decided to discontinue trying to collect. It says: creditor Citibank; date of identifiable event - 10/04/2018; amount $1850; identifiable event code G. On credit report the debt says: date opened 08/16/2012; date updated 09/14/2018; last payment 03/03/2016; charged off 1,985 (which I believe statue is next month - 3yrs)


Question: I have no idea what to do beside report it as income by amending taxes. But then what does it mean for credit reports since adverse account remains until 2023.



Problem 2: I have two credit card accounts that I plan to pay off this year with taxes. However, they are listed as adverse accounts because they are under an in-house credit/debt management program. Pay status - Paid or paying as agreed. Date last payment made - 08/17/2018 (not sure but that is inaccurate) and maximum delinquency 30 days back in 2015.


Question: Do you think it is possible to negotiate a clean report for full final payment? We plan to pay off regardless to put money back in budget but wondered if we could get a positive reporting rater than adverse.


Thanks for helping.



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