Thank you for your responses...
I deleted the information manually from the hard drive and it took forever to delete from my computer - probably over an hour.
I am not quite sure how to reformat my drive. I was looking into that but couldn't figure out how exactly to do it.
Also, what does deleting backups "the right way" mean?
Your best bet is to into an Apple Reseller and explain your problem and I am sure they will assist you.Deleting means what you have stored in your hard drive and keeping in case the hard drive crashes.