<human>: First of all, I'm not looking for a moral lesson here. I just want some information to base some decisions of off.

I have way more credit card debt than I can afford to pay at the moment (33,000). This amounts to about 800 USD a month.

I have tried numerous times to call and lower rates, etc etc etc. They just won't have it. 

The more I pay, the more they lower my limits, so my utilization is basically fucked (98%)

It'll take me about 5 years to pay all this off. and in the meantime, my credit score is shit because of the high utilization (never missed a payment, no delinquent accounts yet, etc etc. Just high revolving rate with low income and high utilization.

If I stop paying now and let it go to collections, let's say I settle for 30% of the amount at 1/4 of the interest or half the interest. How long will that stay in my credit report?

Reason I ask is that this will take 5 years of extreme work for me to pay off, whereas a collection deal will be much faster, and cheaper monthly for me. If it'll take 10 years to clear, that's fine.

What can they do to me if I don't pay and let it go to collections? Can I just let it go to collections and then settle or can they dock my paychecks or anything like that?

I'm not too worried about assets because since I don't currently live in the US I have no assets at all there. I do plan to return the US and I don't want that to be destroyed by some court ruling that they can take 30% of my paycheck or something like that

Can you give me the gist of the text in a nutshell?
<bot>: I have a lot of CC Debt, can the CC companies take my money or are they SOL and have to settle with me?