Settlement figure or full amount?

Debtfreestudentnurse

Which is the better option, in terms of future credit applications?

We’re applying for a mortgage next year and want to clear the debts.

Is settling at a lower amount to clear the debts a good idea?

Willing2Learn

Hi,

I think that would depend on whether the toxic accounts are still showing on your credit file. If the accounts have already been automatically removed from your credit file, then it would not make any difference. If the accounts are still on your credit file, then a full settlement may be looked upon more favourably than a partial settlement.

Debtfreestudentnurse

Still showing for another couple of years unfortunately.