jmerc Posted March 27, 2007 Report Share Posted March 27, 2007 I recently settled an account for 50% and $2200.00 savings. Very nice but now I need to deal w/the credit consequences. Acct reported as settled. What steps are now needed to make repairs to report. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted March 27, 2007 Report Share Posted March 27, 2007 I recently settled an account for 50% and $2200.00 savings. Very nice but now I need to deal w/the credit consequences. Acct reported as settled. What steps are now needed to make repairs to report.Depends on the OC, but for sure, this will take time from when it was settled. Link to comment Share on other sites More sharing options...
divemedic Posted March 27, 2007 Report Share Posted March 27, 2007 I recently settled an account for 50% and $2200.00 savings. Very nice but now I need to deal w/the credit consequences. Acct reported as settled. What steps are now needed to make repairs to report.That is accurate reporting. Also, you need to be prepared to deal with the tax consequences. Link to comment Share on other sites More sharing options...
pinkeysas Posted March 27, 2007 Report Share Posted March 27, 2007 I made a settlement payment with an OC. The amount owed was $1900 i paid $1122 so I saved $778. Does that put me in the category of having to worry about the Tax as well??? Link to comment Share on other sites More sharing options...
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