debt
Date: Thu, 09/30/2010 - 07:59
settling your credit card debt, does that still affect your credit score???
Unless you can negotiate a pay for delete, yes. It will negativ
Unless you can negotiate a pay for delete, yes. It will negatively effect your credit score.
A debt settlement will just tank your credit score since you wil
A debt settlement will just tank your credit score since you will have to be delinquent for at least 3 months. You can try and ask for a 'Pay for delete' but the chances of getting one is very bleak.
Quote:Originally Posted by Renee JonesA debt settlement will jus
Quote:
Originally Posted by Renee Jones A debt settlement will just tank your credit score since you will have to be delinquent for at least 3 months. You can try and ask for a 'Pay for delete' but the chances of getting one is very bleak. |
Exactly so!!! The notion 'settled' will stay in your credit report for 7 years and will dent your score big time.
My score went from around 720 to 564 or so. Yeah a little bit o
My score went from around 720 to 564 or so. Yeah a little bit of a dip I would say. But worth it. I have no intention of using credit so it simply doesn't matter to me. My home and auto insurance renewed last month and absolutely no change in premium. That was the only thing I was worried about.