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I have an account that is 120 days late but it has not charged off yet and it's still with the OC. They are willing to settle for 40% for the balance owed (398).
Being that I already have a 120 day late and shows as deliquent on my credit reports should I just take the settlement?
I already have other settlements on my credit reports would another one be super bad?
Would my score decrease if I take the settlement or would it increase since the account won't be deliquent anymore?
This is for a loan with Wells fargo and they are not willing to allow me to PFD and I have to make a decision ASAP since they are going to charge it off soon.