I sent an offer to settle to CCB. I owe $1055 that has been charged off. (My original credit limit was $750.) I offered $633.59 in exchange for R1 or deletion. They counter-offered with $633.59 and a settled chargeoff notation. I know this doesn't increase my FICO, but does this look better to lenders? I have until July 3rd to pay. LB
I'm no expert, and technically it may be SLIGHTLY better to have the account paid ecspecially if you're going for a mortgage. But basically if all they are offering is settled charge offf keep your money, Basically you're throwing $633.00 away for a notation that isint any better than it is now. Thanks
I won't be looking for a home loan for a while (I'm 21 years old), so I think I'll skip the offer and use the cash to get a secured card and build some positive credit. Thanks.
