Your Credit Report Tag

28 Mar Can Settled Debt Hurt My Credit Rating?

The secret to settling debt with your creditors is assure finality. You want to make sure that the debt never comes back. (Read: Zombie Debt Haunts the Discharged and Zombie Debt.) Can debt be settled? Absolutely. However when you negotiate to settle your debt you must make sure that the creditor reports it properly on your credit report.

Will settled debt hurt your credit score?

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