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[sweets2323]

I was denied a car loan a dew weeks ago. I called the bank and they advised that I have a Settlement paid in full. I called HSBC and they said that if I paid the balance that was settled, then it would change to Charge off Paid in full. But HSBC said that Charge Off Paid in Full is worst than what I have which is Settlement Paid in Full. She said that I should  leave it the way it is and not pay the balance of $75 because if I do, it will change to Charged off Paid in Full

The bank said that I should pay the difference off.

I am confused!

The bank said that a settlement is looked bad upon just like a bankruptcy etc!

[Creditaddict]

yes paid in full vs settled looks better.

[sweets2323]

Well the lady at HSBC Best buy told me that id i was to pay off the balance it will change to Paid in Full Charge off which looks worst than me having the balance on the acct of $75 and its shows Settled

Confused

[Creditaddict]

I don't see how having a balance on a charge off looks better then a $0 balance.

And the last person I would trust to know what's good for credit would be an HSBC rep