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Clear-cut Commercial Debt Solutions Suggestions

Yet, regardless of how an account was paid before settlement, the credit scoring formulas treat settled accounts much like charge-offs and other balances not paid according to the original agreement badly. The score drop With the first appearance of a settled account on your credit report, expect to see a relatively quick drop of 40 to 60 points in your score. Then after the last settled account has made its way to your credit report, your score should begin its slow-but-steady recovery with on-time payments, low credit utilization (card balance/credit limit ratio) and an increasing length

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