Settlement vs. paid-off in full

Discussion in 'Credit Talk' started by soupcan, Jan 9, 2004.

  1. soupcan

    soupcan Member

    How much worse is it for my FICO/CR to have a "paid as agreed" (but not "paid in full") for $45k of student loans? I am trying to decide whether to take a settlement from the CA but I'll just pay the whole thing if I have to, in order to avoid problems with my credit. Any advice is appreciated!
     
  2. lbrown59

    lbrown59 Well-Known Member

    1* I am trying to decide whether to take a settlement from the CA .
    2 *I'll just pay the whole thing if I have to, in order to avoid problems with my credit.
    3*Any advice is appreciated!
    soupcan |
    **********************
    1*If the Ca has not proved the debt you are jumping the gun even thinking about settling.Jumping the gun is a good way to shoot yourself in the foot.
    What makes you think that just by paying the debt it will clear your report?????
    2**I'll just pay the whole thing if I have to is a good way to create problems with your credit and lock yourself into 7 years of credit hell.
    3*Lot of good advice here.

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