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Settlement vs. unpaid charge off

Discussion in 'Credit Talk' started by MaggieQ, May 13, 2003.

  1. May 13, 2003 #1
    MaggieQ

    MaggieQ Member

    Does anyone know which is worse on a credit report, an unpaid charge off or a paid settlement?
     
  3. May 13, 2003 #2
    psp in nm

    psp in nm Well-Known Member

    IMO, they are about the same. :(
     
  4. May 13, 2003 #3
    delilah131

    delilah131 Well-Known Member

    it might depend on what kind of credit you are seeking ... a lot of mortgage lenders wont give you loan with an unpaid charge off regardless of your score.

    c/o can lead to ca's, which are never good and will definately impact your score negatively.


    peace,
    delilah
     
  5. May 13, 2003 #4
    wlewisj

    wlewisj Well-Known Member

    If you haven't paid the settlement yet, negotiate to get them to remove the negative. Be sure to get it in writing before paying. I would think the CO is worse because it reflects that you do not pay your bills.
    Willis
     

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