What does this mean?!?!

[Anonymous]

Just reading this on MSN Money-

"It's better to save 50 cents on the dollar and lose a couple points off your credit score by having a settlement as opposed to 'paid in full' because the collection and the charge-off notation is what's hurting the account," he says.

I'm a little confused!!!!

I just paid off my my Amex (they sent me an offer to regain membership if I pay off my full balance).

Should I NOT HAVE?!?!  I don't know who to believe anymore

[Anonymous]

I hear ya. I keep reading so many different things i have no idea. In your case, I would think paying it in full to reinstate was a good idea. But, i'm a newbie.

[Anonymous]

think he is say settling will is better than holding out for dream of a deletion. If AMEX is going to reinstate your account and you get the aged history and the positive CL...its a no brainer..you are going to pay it anyway!