How bad is debt settlement for your credit score?

View More Credit Card QuestionsPosted 5/5/10 at 11:08am

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User Contributed Answers (4)

no worse than doing nothing at all but in most cases better in the fact that most creditors will not try to ruin your credit as long as they are getting something
you should always try to get an agreement in writing that the creditor will not report you to the credit agencies as long as you pay a set price

Posted 5/7/10 at 11:43pmWas this answer helpful? Yes / No

Once all your bad credit settlements have been resolved, and you have a no credit score, how can you rebuild your credit?

Posted 5/19/10 at 1:48pmWas this answer helpful? Yes / No

i want to know how bad my credit is

Posted 5/20/10 at 3:34pmWas this answer helpful? Yes / No

If you want to maintain a good credit score, then debt settlement is not for you.

Posted 5/31/10 at 7:47amWas this answer helpful? Yes / No

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