how does this work

[fightingwarrior]

my CC has ben sold to some one else for like 2 years and the company they sold it to has gaveme a settlemt over for 50 percent of my balance they said once payment is full they will mail me a letter of closer.

my question is will my credit get better after this or no.....

[MartinBlank]

Any time you pay a debt in full, it is reflected on your credit report.

The problem with paying 50% of your outstanding debt is you need to make certain they report it as "PAID IN FULL", otherwise you are viewed as a dead beat.

[ngates815]

No it will go down steadily for 3 years, then go back up.


Same thing happened to my credit, when I came back from mining gold up in Alaska. Had to settle with the CC company, because I ran up my cards to high.

Just getting back on my feet now. I lost 25 dollars on scratch offs yesterday, now I don't know if I'll be able to take my girl to vegas in June. I'm such a **** up, that I had to give her 75 bucks to hold on to for me, since I know if I had it in my possession I'd just blow it all.

I talk to my parents every day, because I live at home still.

[Chandler]

fighty, PM Brock Landers about this.

he owns a company that deals with this very issue.

he is the best at getting an easier settlement price