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Whcih system is worse on your credit score?

February 23rd, 2010 admin 7 comments
boxbeatle asked:


There are two types debt management programs. One is where a company negotiates lower interest rates, you pay them, then they pay all your credit cards every month.. The other type is a company that negotiates a settlement for less than amount owed. This company just pays one card at a time, and get them paid off quicker than the first option. Which type is worse to have on your credit report?

Matthew
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