what is better settle vs payoff

what is better settle vs payoff

3 Answers

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-30

Nandy is right. Settlement hurts your credit score. If you payoff your debts in full, then your credit score will improve gradually with time. Thus payoff is better than settlement.


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35
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-26

Settlement hurts your credit score by as much as 125 points mate. This is why it is much better to pay off the account in full.


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29
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-24

What type of account???  Collection? Current account???  WHo is the creditor.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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