Credit Question

Credit Question

If I pay-off a credit card at a Settlement amount (lower than my bal) how bad does that hurt my credit score?? compared to paying it off at the balance due??

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not much at all if you have ever been over 30 days late

So if my current pymt is 30 days past due, it would be the same (in the credit agenices eyes)as paying off my acct at the reduced settlement amount??  I’m trying to figure out the difference in the 2 ways to handle this with the least amount of bad credit marks.  

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if you have gone all the way to settlement
more than likey your credit is bunged up pretty bad
so if you settle the account and pay the settlement amount in full
your accounr will now showed up as paid off
 
I think that will help your score as much as possible
assuming you have current rated credit right now
if not
you should get
new 1 year paid as agreed and reported to a bureau rated credit

Credit Question