Settlement for Less Than Full Amount - Reporting currently

[Blitz1030]

I want to payoff a Verizon account with a settlement offer, but Verizon will only report paid less than full amount.  Verizon is reporting this currently each month - last report date was April 30, 207 as a revolving account.   If I settle is there a chance it will lower my score or should it not change given the fact that it is reporting each month already anyways?

Any help would be appreciated. 

[gdale6]

Settle it to stop the monthly updating its keeping your Fico depressed. Damage is already done to score.

[RobertEG]

If you dont pay, then you may face the possibility of further score damage.

If still within SOL, they may sue and obtain a judgment.

They may also charge-off the debt once it reaches severe delinquency and/or refer to a debt collector or sell the debt, resulting in the addition of a collection.

[Blitz1030]

Thanks for the feedback.  I am going to call tomorrow and settle.