Thread: Settle vs Paid in full.
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Old 06-14-2008, 10:08 PM
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Quote:
Originally Posted by celebrity0608 View Post
I have another question for you guys. My wife and I are hoping to buy a house anywhere from 1-2 years from now depending on when we can get the credit scores up.

So, my question is...with a 1-2 year goal to get it cleaned up....should we go with the settlement offers or pay them in full?

As of right now, we are trying to pay everyone in full. I know this helps your score more than settlements will, and we do feel better knowing that we have paid things in full.

Thanks in advance!
The answer is simple. If you are able to PIF, you should PIF. If you cannot PIF, then settle. Also, if PIF pushes back your home buy, so beit.

You should pay your debts, save up an EF, then save up a down payment in that order. It may take a little longer this way, but it's the best way to do it.
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