Hi all
I may be in the position shortly where I could pay off some debts. Not massive amounts, but some.
The accounts I am looking at paying are already defaulted from previous financial difficulties. Not something I'm proud of, but can't change it now. I have the option to pay of two debts in full, or settle four (closing the accounts with no further payments to be made) by making partial settlements (amounts already agreed with the companies).
Now I know a partial settlement will be flagged as such on my credit file. But as the accounts are already in default, will this adversely impact it further, or simply not make it better? Is there anyway to find that out?
I guess my question is, in my situation, would you completely clear two, or partially settle and close four?
Sorry if this is in the wrong place