When company offers settlement
Date: Sun, 04/27/2008 - 21:13
When the credit card that you have on a debt management program and you are making payments every month thru the debt management and then you receive the offer for settlement (for less money of the balance) how does that settlement would sho on your credit report? will it show as settle for less or would it still show as "charge off""collections"and can this be questioned to the credit report and ask them to correct it to show account was paid? Please advise
How are you doing?? I'm sooooo glad to hear back form you :)
How are you doing?? I'm sooooo glad to hear back form you :)
IMO once an account gets settled it appears as "settled for less" on the credit report.
Just hang tight someone will soon be around with more expertise on this matter to guide you through.
You are correct tweetyturner at least in my situation. I had th
You are correct tweetyturner at least in my situation. I had this happen with First Premier and it is listed on my credit report as "settled for less". Perhaps you could work out a deal with them if you can afford to pay it off with the amount that they presenting to you separately and that they just note that it was paid in full. (Don't know if that's even possible but worth a try IMO)
