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imawsm71

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pay in full or settlement?
Is it best to pay items on your report in full or make a settlement? Im trying to improve my credit...please help

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The best thing or strategy to use is a "pay for delete agreement" this is when you ask negotiate with your creditor that if you pay the balance in full that in return they would remove the negative item from your credit report completely. Make sure you get this in writing if they agree or at least make sure they are legit with honoring their word.  Legally they don't have to comply with this request so make sure you are very polite and persistant.  If they say no then ask to speak with a manager.  If this don't work, then the next best step would be to ask for a settlement, this is when you pay less that what is owed and they clear your account to a zero balance and will probably report it as "paid as agreed". Both options are good the first one is better as you will never be able to tell that you had anything in collections. Still paying it off will tell your next lender that you are still a man of your word no matter how ruff things get......

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