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Originally Posted by GeorgiesMomma  I would definitely settle and request a letter of satisfaction to send to the credit bureaus i.e. experian, equifax and transunion to have it show as paid in full. I use to work in the mortgage industry and have never seen such settlements negatively impact someone's credit.
Also, just as a side note when you settle make sure you get the letter of satisfaction and send to the credit bureaus the cc company will not make much effort on that end. You can order a copy of your credit report from all 3 (you get 1 free report per year) and the addresses are on the report to send the letter to. |
Definitely make sure you have a letter to prove it....I would ask for a letter outlining the amount and saying that they represent the company and that this will settle the debt in full. Then, pay it. I would not pay anything until you get that first.