If I Settle With A Collection Agency Will It Hurt My Credit

Updated: 15th May, 2022
Ashley Astors
Verified Collections Expert

Potentially, continue reading to find out why.

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Potentially, settling a debt instead of paying the full amount does have the ability to hurt your credit scores. When you settle an account, its balance is reduced to 0, but your credit report will indicate the account was settled for less than the full amount.

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