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RSSArchive for February 24th, 2010

Are There Negative Consequences of Settling Collections?

Are There Negative Consequences of Settling Collections?

Tweet When negotiating debts, I always ask them to report the settlement as “paid in full” with a zero balance. Although I am reducing their debts to zero, which will help their utilization ratios, settling an old debt will change the date of last activity to the settlement payment date. What are the negative consequences […]