Hunter Warfield offered a settlement

[Anonymous]

I am looking to buy a house in the next 12 months.  I have an outstanding debt (valid) with Hunter Warfield.  It's an old debt that should fall off in December 2017.  The debt is $1742 and I've been offered a settlement for $871.  I've read they don't "pay for delete" so my question is-how will it affect my credit if I pay it off and it remains on my credit?  I also read some lenders don't want you to pay off debts more than 2 years old.  I'm not sure which way to go with this.

[Anonymous]

Talk to your lender or a prospective lender and ask them what their requirement is for this situation.

[gdale6]

If its updating monthly now its keeping your Fico score depressed so you want to settle it ASAP. If its not updating check with your lender before doing anything with it as it will cause a Fico score drop once it updates to paid status.