answersLogoWhite

0


Best Answer

Credit scores are calculated based on ALL the information showing in a consumer's credit report. With only one factor identified, it is impossible to guess the impact or outcome.

It is impossible to say an actual score value but no matter which way you look at it, it is not going to be postive. If you can some how work a payment plan to pay off your debt in a term loan will be your best option. It is never a good idea to settle unless you are facing bankruptcy and I mean real bankruptcy not just this I dont want to work at paying off what I have charged so let me get rid of it by filling chpater 7 attitude that most people seem to have. If that is the case the save your self the future problems and settle. On the top three things that are bad for your credit history are Bankruptcy, Consumer proposals and accounts settled at less than owed. They are all signal of an inability to pay debt or to manage income versus debt. Last point, most banks will only rely on your score when you are borrowing small amounts anytime you actually try to buy something with value and you go in for a loan, you will have a human being looking through your file and seeing what you did with your accounts. Just be ready to answer why you were not able to pay the cc balance but you are able to pay there balance.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If you have perfect credit beacon score of a 710 and are looking into settling a cc that has a 23K balance how much will this affect your score?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are there nerves in your nose that affect your balance or weight?

No. Your EARS affect your balance.


What properties affect settling rates of particles?

Other factors that can affect the settling rates are volume. ( whether it has increased or decreased). The lighter particles can catch wind and glide as their falling, resulting in a slower settling rate. The speed and turbulence of the fluid the particles are flowing in can also affect the settling rates. Lastly, the weight of the particles.


What two types of errors are associated with the trial balance?

Errors that do not affect the trial balance errors that affect the outcome of the trial balance


Does taste affect balance?

no


How will breaking and steering the car affect the cars balance?

loses the balance


How do flashing lights affect balance?

Flashing lights might affect the balance by causing a person to feel unsteady or confused when confronted by these lights. Flashing lights can also cause seizures that affect balance in some cases.Ê


Does the height of a person affect their balance?

Yes height does affect balance because I did a science project and the shorter person balanced on a balance beam for 1:20 minute. By dereko333


How do you lose control of your balance of your feet?

Neurological diseases can greatly affect balance....like Mulltiple Sclerosis, Parkinson's. varied forms of Ataxia. Also, problems with the inner ear affect balance.


Does eyesight affect your balance?

yes, your muscles, ears and eyes help you keep balance


How this relationship affect the balance of your nature?

Huh?


How can environmental conditions affect your body's fluid balance?

The environmental conditions can affect your body fluid balance because it can cause you to sweat too much.


How did the settling of the southern colonies in America affect the transatlantic slave trade?

The settling of the southern colonies in America increased the demand for labor in industries such as agriculture, which led to an increase in the transatlantic slave trade to meet this demand. Slaves were brought from Africa to work on plantations and farms in the southern colonies, leading to the growth of the slave trade in the region.