OC Made Me 2 Offers - Settled in Full or Paid in Full w/different Payoff amounts

Discussion in 'Credit Talk' started by TheGooch, Oct 29, 2011.

  1. TheGooch

    TheGooch Active Member

    After making them a few pay for delete offers for $1000, the original creditor came back with a counter-offer that gives me 2 options:

    1) Settle in full for $1000
    2) Pay for delete( they call it clear your credit) for $1679.

    I'm leaning towards #2 since it will get them off my back,protect me from lawsuit, and improve my credit score.

    My understanding is that #1 would do the same except not improve my credit score.

    What do you guys think?
  2. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Agreed. I'm not sure what the original amount was, but I would rather pay more to get it deleted than get stuck with a "settled in full" notation on my credit reports. If you have the money, go for it.
  3. Heather L

    Heather L Well-Known Member

    I agree with Josh, if you have $1679 paid for the collection to be deleted from your credit. That is always the better way to go. Thanks! Heather with BoostMyScore.NET

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