I just got a letter from Chase because i had called about settling my debt, so basically i will be paying 60% of the amount. the letter says that after i finish paying, they will report as "settled", i have the impression that will be a bad thing for my credit report if anyone reads that.
Is there anything i can do to get rid of that settled tag or it stays forever on my credit report once the debt is paid?
Also, the full amount i owe is almost 1200.00, should i consider, if i cannot remove the "settled" tag, to pay in installments the full amount instead of settling it?
just wondering if that is something i should worry now
Thanks
Is there anything i can do to get rid of that settled tag or it stays forever on my credit report once the debt is paid?
Also, the full amount i owe is almost 1200.00, should i consider, if i cannot remove the "settled" tag, to pay in installments the full amount instead of settling it?
just wondering if that is something i should worry now
Thanks
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