Debt Settlement

it will hurt your score, but not nearly as bad as a bankruptcy. if you work a settlement before the account charges off is better than after charge off then going to collections. credit report shows payments for last 36 months, but most creditors do post a notice of settlement, worded in different ways. some say paid as agreed 0 balance, settlement for less than balance 0 balance, etc.. but those statements are easier to get removed from cr - bankruptcy will not get removed for years.

It will have a big negative impact. It depends partially on how many you settle. I also defaulted on my home mortgage and HELOC, but my cs went from 720's to 580. I always tell people that if you can afford to pay off your bills, this is not for you. And if you cannot afford to do so, what does it matter?

Dan: How long has it been(if your done settling)since you finished settleing your Debt? If your done have you checked it since you got the 580 #.

I am just starting this process will be late on first bill in 2 days...process hasn't even started and I already can't wait for it to end...HAHAH

I presonaly can careless about my credit score..I want out of debt soo bad I can taste it!!