I have no idea what the creditor you have would settle his or claim against you for. If the amount owed is $1,400, possibly the creditor would take a discount for what is owed if $1,200 or so is paid up front as payment in full.If you cannot pay the full amount demanded of you, you should consider entering into a monthly payment plan in writing signed by the creditor to pay down the amount owed based on terms that you can live with.