Sentences with phrase «settled damages your credit score»

But this and any account reported as settled damages your credit score.

But this and any account reported as settled damages your credit score.

Not exact matches

Settling a charged off account for less than you owe can cause damage to your credit score.

Additionally, collection accounts are permitted to remain your credit reports for 7 years from the date of default of the original account so, settled or not, a credit card collection has the potential to inflict damage on your credit scores for a very long time.