Will a credit card settlement affect my credit score?

I have a credit card with Citibank and they mailed me a settlement letter for 65% of the amount. I can pay it in full. Will this affect my credit score? Is is the same as a collection account?

One Response to “Will a credit card settlement affect my credit score?”

  • Vins:

    You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – creditreport.imess.net

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