Question by operamemartexpo: How will settling credit card debt affect my credit score?
I have several accounts on my credit that are all in good standing. I just have one credit card with $ 25,000 in debt. I was making payments on it but when my husband was laid off, I couldn't make payments. It's over 90 days due and I want to settle the debt but I am afraid of how it will affect my credit score and what I can do to make sure it is not too negative on my credit. Any advice?
Best answer:
Answer by skiairplaneSimple. It will hurt settling, but showing you settled then just defaulting without trying to work it out looks better. The damage is already done. If you can work something
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