Pay in Full vs Settle Collection | Which is Better?

Dealing with debt may be a stressful and perplexing experience, especially if you're having difficulty paying it off. If you find yourself with a bill that is past due - or worse, in collections - you may be wondering how to manage it.

You may have come across the terms "settled in full" versus "paid in full." Both alternatives will result in the account being closed with a balance of $0 due. "However, their consequences on your credit score differ."

Learn the difference between having a settlement on your credit report versus a debt that has been paid in full and which is better for your finances in the long run.


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