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What is the difference between paying in full and settling in full How will my credit score be affected by each Which is better?
If you are paying a collection company, make sure before you pay anything, that you get a deletion letter. This is a letter stating that if you pay, the entry will be deleted off your credit report. Now, whether you are paying in full or settling, it has the same affect on your credit score--Paid collection or paid P&L or charge-off account. This will remain on your credit for 7 years. This is why it is important that you get a deleting letter. Source: Phil Turner, Credit Bible.
What else can I help you with?
Will settling a close credit card debt hurt your credit?
it would really depend on the age of the debt, if it is more than 6 months, leave it alone. By settling it it becomes current news not old and forgotten. It will make you feel better about paying your debts but will actually harm your credit score. You'll sleep better at night but your credit won't.
Difference between standalone and consolidated results?
Consolidated results include the results of subsidiaries of a company.Thus Consolidated results give a better picture of value of a company.
Is chase credit better than bank of America credit?
It depends on what you are looking for in a card. If you want one with more rewards, one geared toward students, or one with good cash back, it may make the difference between which is better in your eyes.
What is the difference between recording a transfer and categorizing in QuickBooks?
Recording a transfer in QuickBooks involves documenting the movement of funds between accounts, while categorizing in QuickBooks involves assigning transactions to specific expense or income categories for better financial tracking and reporting.
What is the importance of understanding the difference between assets and liabilities according to Robert Kiyosaki?
Understanding the difference between assets and liabilities is important according to Robert Kiyosaki because it helps individuals make better financial decisions and build wealth. Assets put money in your pocket, while liabilities take money out. By focusing on acquiring assets and minimizing liabilities, individuals can increase their wealth and financial stability.
What is the difference between better and greater?
better is goodx2 greater is betterx2
What is the difference between television signals now and then?
now they are better now they are better
What is the difference between emerald and diamond?
Emerald's better.
What is difference between stdioh and stdioh?
The latter is better.
What is the difference between xfinity and Netflix?
xfiity is better that is it
What is the time difference between Wellington and Tokyo?
the difference between Tokyo and wellington is that Tokyo has a bigger population and has a better government
What is the difference between the values of "a" and "a"?
The difference between the values of "a" and "a" is that "a" is higher in value and indicates a better performance or achievement compared to just "a."
What is a difference between 32bit windows and 64bit windows which one is better and why?
The difference between 32bit windows and 64bit windows is the resolution of the image and the higher the bit the better the image.
The difference between Spartans and Athens?
Spartans had a better armty
What is the difference between an n and a g router?
one is better
What is the difference between BO Zombies and BO2 Zombies?
its better
What is the difference between older and newer airbags?
newer are better
