credit report
Date: Thu, 08/11/2005 - 07:09
If I settle my debts on my own for less than the total amount owed, how does that affect my credit report?
It can affect your credit report
Dear Diane,
Welcome to the forums, this is the most frequently asked question if I am not wrong with the total count.
If the debt is reported to your credit report as "settled" then it will affect your rating but if it says "paid in full" or "paid as agreed" then it will not.
We always negotiate for credit report and try hard to make it "paid as agreed".
We had discussed this issue many a times; please check some other posts addressing similar issues. Also go through our DIY sections.
Vikas
