How Does Settlement Affect My Debt

The fact that you are 90 days overdue itself means that there will be a negative implication on your credit report. However it would be best to first start by calling the credit card company and asking for settlement yourself.

If you really can't make the payments, your credit score should be pretty low on your priority list here. At 90 days past due, you already have negative reporting on your credit report.

Your priority should be avoiding bankruptcy, unless that's the only option... and avoiding a lawsuit which could lead to wage garnishment and/or liens against your assets...

You can always try to fix your credit down the road with goodwill letters, or maybe hiring a firm that helps with credit repair. Another method would be to try to tie together your settlement offer AND a clean reporting to the credit agencies from your lender. I don't know if people are haveing success with that or not. I hope to try it when I am at that point with my creditors. I figure they don't have much to lose, and only something to gain if they are getting a settlement from me.

as what the above posts stated your credit is already being effected and in my opinion you have no choice but to settle here inless you want bk, which i dont think is your best option expecially if your considering your credit. settlement will hurt but only in the short term. its easily repaired