<prompt> Human: I have 2 credit cards, one with bank of America, and one with Citibank. I have closed the accounts and have been paying monthly payments. The debts have been transferred to another service, not a debt collection agency, just a servicing company. They both have offered me a deal if I pay the amounts in full. The deal is that they take off 13 or 12 of the debt for one lump sum payment. My question is how will this affect my credit and does this sound legitimate?  <response>: Closing your accounts did the most damage to your credit. 