settling debt
Date: Tue, 06/05/2007 - 16:02
I want to settle with my credit card company, with a one time payout. They are willing to reduce the amount by 20%. They also told me that it would hurt my credit score and stay on there for two years because I am settling for less. Is This true
Yes, settlement will be reported in the credit report. But I kno
Yes, settlement will be reported in the credit report. But I know it's reported for seven years from the date of first delinquency. I am not sure why the credit card company said you two years. Can you clarify with them?
You can negotiate with the creditor for reporting in a fair manner.
