credit rating
Date: Thu, 12/09/2010 - 15:58
my loan officer will allow a settlement to reduce my balance and close my account on my car loan but says that my credit report will shoe settled instead of paid in full, is settled considered a derogatory report on my credit?
Settled is less than paid in full...so yes it is derogatory.
Settled is less than paid in full...so yes it is derogatory.
