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Should I accept the settlement offer?
I just received a settlement offer were the collector is offering to settle my loan of $15k for 20% leaving me to pay off $3k ish. The debt is a student loan i used to have with Sallie Mae which was later sold to Navient. My credit report listed the account closed May 31, 2016 and is indicating "Collection". The settlement offer is available until Nov 28, 2016. I'm thinking about either paying the full debt through small payments or the paying the settled offer in one payment. However I read some were that settlements are always misleading. So im not sure what to do in this case? Also how should i protect my credit in this scenario.

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