Credit Score Impact
Date: Fri, 07/13/2012 - 08:06
I just read that when you settle your debt it impacts your credit score. How then can you fix your score after paying and settling all of your debts??
Settling will tank your score as you are not paying as agreed.
Settling will tank your score as you are not paying as agreed. The creditor will continue to report for the balance of the 7 year reporting SOL. As long as they are reporting accurately, there is nothing you can do about it. It is going to take time for your credit to heal. Try taking out a secured credit card to start rebuilding your credit.
