Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
ceb88

0 Contributions
0 People Helped
i called a collections agency to try to settle, it will fall off credit report in 11 months. ??
Settlement is $200 originally $633... Should i pay our leave alone and let it fall off in 11 months?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7353 Contributions
3808 People Helped

Settle?

I hope you got this settlement agreement in writing (always get agreements in writing).  Verbal agreements don't hold up in court.

If you can get a $633 debt settled for $200, and have them record it a "paid as agreed" then do it!!  Eleven months is a long time to wait for something to drop off the credit report and it would be plenty of time for a creditor to get some other action going just to get some payment.

In the future, for your credit health, make regular payments every month to a creditor and pay off credit cards in full every month. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.