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If I am paying off debt in collection, does it hurt my credit if I negotiate to a lower amount paid?
Asked by
misslissa2
1 year ago
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Yes that negativly impacts your credit score, I would pay the full amount if at all possible
Damir 1 year ago
Actually the simple act of paying off a collection at any amount will hurt your credit. Now the creditor can rereport the collection as paid and it will show as a new event which will hurt your credit score and not help it.
Dogslurp 1 year ago
my credit score dropped i had a 640 score and it dropped to like 580 my old loan was paid off by the dealer it says it is in dept i never been late for anything i always pay my bills i am not a **** dead beat and not pay my bills but i got a new car loan now i dont have any credit cards
uqj1774 1 year ago
this credit carma is a lie my credit score isnt 560 like it says right niw on this it is like 680 when i ran it last time with a real free credit score .com i dont have no **** credit cards i just have a car loan i pay that on time everymonth
uqj1774 1 year ago