<prompt> Human: My wife and I racked up 5,500 on a credit card that is in her name. The credit card company offered offered to settle the debt for around 1,500. My wife and I are saving up to buy a house so this offer is pretty tempting, but Im worried it will destroy her credit and really hurt our chances of getting a mortgage. Im just wondering, should we take the offer, or just keep paying the minimum for now and pay it off when we get to it later in 2018?  <response>: Youre not going to get a mortgage if youre in default on a credit card. Take the offer, its already screwed your credit for 7 years whether you take it or not. Use these 7 years to understand how to budget and math. 