Re: How does a credit settlement affect my credit? Is it worth it?

Posted by Why Chat (209.240.198.61) on March 09, 2003 at 10:57:41:

In Reply to: Re: How does a credit settlement affect my credit? Is it worth it? posted by Lost and wandering... on March 09, 2003 at 10:35:48:

Assuming you were first delinquent (first late date or last payment to original creditor) over 4 years ago, and assuming it is showing as a collection item on your credit report from the CA and as a charge-off from the OC, you will accomplish NOTHING for your credit "score" by settling with the CA, it will be $$$ down a rathole, and may well wind up making your credit "score" worse.

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