One thought on “How does negotiating with creditors impact my credit?

  1. Arti says:

    These late payments have a negative impact on your credit score. It’s likely, however, that you’re considering settling your debts because you’re already late on at least a few of your accounts. Creditors will actually not settle with you unless you make late payments. In fact, on-time payment history is roughly 30% of how your credit score is factored. There are pros and cons to settling debts. Because this is already impacting your credit score, settling your accounts can help your credit heal and your credit score recover.

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