i have recently been offered reduced settlement figures by several creditors. one of these i was able to accept. however, before paying, they tried to talk me out of paying the reduced amount and into paying the full balance, saying that the remaining balance after the reduced amount would stay on my credit record indefinately.
is this true? if so, does anyone know how long 'indefinately' is and if
it's possible to have it removed?
- posted 14 years ago