New Member
Posts: 2
Registered: ‎03-13-2007

Paying in full versus settled for less than amount owed

I paid some credit cards off two years ago for less than the full amount. Although I know that the companies just knocked off some of the penalties and interest, it of course shows derogetory on my reports and knocks my score way down.
I am just wondering point wise, if anyone knows if there is any difference for paying in full.
Does it still report as derogetory if you are way behind, but pay in full?
Moderator Emeritus
Posts: 5,436
Registered: ‎03-10-2007

It will still show derogatory as my PIF accounts still sh...

It will still show derogatory as my PIF accounts still show derog.  The only derog I had that is still active which was a student loans gives me a date when the account will revert to good standing on EX

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+