Re: how does, "settled" affect me in the long or short run
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Posted by Robert M
(12.211.9.142) on December 03, 2002 at 05:54:12:
In Reply to: how does, "settled" affect me in the long or short run posted by mike on December 02, 2002 at 22:24:49:
Settled can't keep it on longer than the 7 years which started the bad remark. It is a bad entry ,though. Nothing is wrong with settling if you have to. However there are many things you should consider before doing like are you past the SOL, are you close (or at least halfway) to the 7 year dropoff? Settling a charge off is really no better than the charge off itself..save your money.
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