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 Cards
Profile Image

Question By
Crippled800

0 Contributions
0 People Helped
Will accepting a settlement offer on account in GOOD standing negatively affect my score?
I received a settlement offer to pay 50% on the remaining balance on an account that has been paid on time every month. My credit is 760+ so I want to be sure this won't negatively affect my score. It seems like a no-brainer to accept this offer as it will save me $1100. The company making this offering is a very reputable, well known company. I have a few weeks to decide on this, so any help would be greatly appreciated.

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.