Hi, a newbie here. I was wondering, do you get better deal to settle with the CC company or let it go to collections and deal with the CA later. And I assume it looks worse on the credit report to be sent to the collections...Or does it matter at this point? The CR will show "settled" with the CC or "settled" with the collection agency.
It's tough to say if you'll get a better deal, but I would personally do everything I can to work it out with the OC before it lands in the hands of a CA. Remember, you can end up with 2 negative listings for the same debt once a CA takes over and the OC reports a charge-off as well.
