Can credit score get affected for settling debts?

Can credit score get affected for settling debts?

1 Answers

Yes, your credit score can get affected for settling debts since you're not paying the full amount to creditors. Your credit score can drop between 75 and 125 points, but it will basically depend upon your current credit score. For instance, if your current credit score is very low, then the negative impact will be less. However, the impact will be more if your score is high.


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