So I have about 1,900 in collections. I have the opportunity to pay off my debts at the moment. The total of my debts are without any negotiations. Would it be a good idea to ask for a settlement with my accounts and pay less than my true total? Also, how will this affect my credit score? And how long until I see it go up? I really want to declare myself debt free as I have long term goals that will require me to have a good credit.
Transunion score: 502 Equifax score: 613
I was also thinking of investing the money I have to pay off my debts and get more back in the long run but I’ve read all over that paying your debts is better than trying to invest when you’re in debt which makes sense.
Thanks for any advice! Im hoping I can get some real advice from people in the debt field and in finance or who have been in a similar situation.
Submitted March 01, 2019 at 01:17AM by defpotek https://ift.tt/2EEmJ02
