I received a settlement voucher from Bank One today. I have been paying this account for several years with no problems. The letter states that if I accept this offer they will note it on my credit as, "Settled", I really don't think I want this. Has anyone had any luck with a settlement letter with full delete with this company? If not how bad will the Settled hurt my score. Thanks Bob
How is this account currently being reported? What is the percentage of the the settlement offer? Generally a settled account does not help you, and can hurt you. I would not accept a settlement offer unless they agree to delete or report paid as agreed.
