Should I accept settlement from NCB Management?

Should I accept settlement from NCB Management? Context: My mother brow beat me into complying with a loan in mid to late 2018 that she swore up and down she'd pay off (I knew she wouldnt and she literally did not pay it except for two payments). I wasn't able to pay it off at all either at the time because it was with Elastic- which is 88% interest rate essentially and I had just been kicked...

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