View Single Post
Old 15th May 2019, 01:25 PM   #36
lionking
In the Peanut Gallery
 
lionking's Avatar
 
Join Date: Jan 2007
Location: Melbourne
Posts: 43,703
Originally Posted by Ron Swanson View Post
Before you pay, negotiate what they will report to Trans Credit (etc) ... it's possible to get them NOT to report the loss at all ... and keep her credit report good.

After all ... if they are going to trash her credit report, she could just go bankrupt and pay NOHING back to them.
My daughter has it in writing that it will not effect her credit rating. In the past, these arrangements were listed as “settled”. Now they are listed as “paid”. The bank knows, of course, but other entities do not.
__________________
A fanatic is one who can't change his mind and won't change the subject.

Sir Winston Churchill
lionking is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top