if you have a offter to pay off 40% of debt vs 100%
Date: Mon, 10/27/2008 - 16:58
how would FICO score be effected vs paying of 100%
well as a general rule, you have to be charged off to pay 40%.
well as a general rule, you have to be charged off to pay 40%...thus your credit is damaged.
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If you are worried about your Fico score and can afford your bills pay 100%. If you are overextended or late, and or can't afford the payments your credit is probably already lower and should go that route.
Worry more about the most effective way to clear your debts and not your Fico score.
Good luck
