Question by Anna H: A loan settlement - good or bad?
I have an installment loan with a balance of 2900.00 but 900.00 in late fees. I asked the company to "waive" half of the fees and the guy said this would be a settlement and it would have to be approved. Would this reflect negatively on credit report?
Best answer:
Answer by summer_phloxIt would leave a dent on your credit report because you were unable to pay the entire balance in full. A family member of mine went through the same
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