This refers to an agreement wherein a borrower pays off a debt or loan for less than the total amount due. Settlements can harm your credit score and should be avoided unless a debt is way past due or has been referred to a collections agency.
This refers to an agreement wherein a borrower pays off a debt or loan for less than the total amount due. Settlements can harm your credit score and should be avoided unless a debt is way past due or has been referred to a collections agency.
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