Settlement offer

A black chalkboard with a wooden frame displays the handwritten message "DON'T GIVE UP" in white chalk. A piece of chalk rests on the bottom edge, ready to renegotiate any doubts that might arise.

What to Do If a Creditor Will Not Renegotiate the Terms of Your Agreement

One of the options you have when you can’t pay an outstanding debt is to renegotiate the terms of your agreement directly with your creditor. You might choose to do this before the account goes to collections so that the incident doesn’t go on your credit report and negatively affects your credit rating. Some creditors […]

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A wooden stamp labeled "Approved" lies on top of a document titled "Settlement Offer for Debt.

Will Accepting a Settlement Offer From a Credit Card Company Affect Your Credit Score?

Accepting a settlement offer from a credit card company will negatively impact your credit rating and lower your credit scores. The reason for this is that when a settlement occurs, a creditor has agreed to accept less than the full amount of money owed to it – even though the creditor, internally, will consider the

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