How badly will payment arrangements ding my score

[jthompson5254]

Working part time and trying to make ends meet but I've been about a month behind (trying to stay under 30 days late so it doesn't show up on the report) . How badly will my fico score get if I take the payment arrangements they are offering. I'm already in the 620s-630s with TU and 650 or so with EX due to my utilization, debt, and 2 31-60s from 2 years and 4 years ago.

[gdale6]

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@jthompson5254 wrote:

Working part time and trying to make ends meet but I've been about a month behind (trying to stay under 30 days late so it doesn't show up on the report) . How badly will my fico score get if I take the payment arrangements they are offering. I'm already in the 620s-630s with TU and 650 or so with EX due to my utilization, debt, and 2 31-60s from 2 years and 4 years ago.

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Hard to say, if they report paid as agreed in the program offered there isnt going to be much score change, if they will start reporting it late then there is going to be a Fico ding the amount is dependent on your overall profile.

[jthompson5254]

So, I just have to ask them about how they are going to report it. If they are going to mark it late all the time then thats useless, it does save you late fees perhaps but it could really ding the score.