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I have a credit card that was never paid and was charged off. My credit was great about 6 months ago...so I am trying to be careful about how I handle collections. My question is...Now that the debt is charged off and with an agency...does it matter how I pay it off? For instance...does it make a difference if I pay the full amount owed, or a settled amount agreed upon?
If you go for a settlement, it will get reflected in your CR accordingly. If you pay it in full, it will reflect "Paid in full".