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Should I pay a credit card company the full amount or try to

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Joined: 08 Feb 2011
REID773's page
Posts: 1

65 Magic Points

Subject: Should I pay a credit card company the full amount or try to
Posted on Tue Feb 08, 2011 3:32 pm  

I am trying to clean up my credit. Is it better to pay the full amount or settle and pay a lower amount? I'm trying to buy a house and I have to clean up credit.


Joined: 08 Feb 2010
Aaron's page
Posts: 2632

48565 Magic Points

Posted on Thu Feb 10, 2011 6:23 am  

Yes, if you can pay it in full, it will be reflected in your credit report as 'paid'. If you go for a settlement it will be reflected as 'settled'. A 'paid' status is always considered better than a status depicting 'settled'. But in the end it's up to your current financial strength. You can't just pay it in full and get yourself into another debt.

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