...now? Im confused I talk to people some say to settle others say to pay in full. Is their a defferance? I know that paying in full is obviously the best way to go, but I wouldnt mind saving some money if settling is going to have the same effect on my credit report. I own a home, lease a car, an have one credit card which are all in good standings. Is settling for less going to have the same effect as paying in full? Since I have been in collections for about 2 years. these collection companys have been reporting badly on my credit report for 2 years, even if I pay in full is it true that it will still be on my credit report for several years? Why not settle for less an save the cash. Right??

Settling will have a negative impact on your credit, but it will be cheaper. What is better for you in the long run? Are you willing to take the hit on your credit report? I guess it depends on how much you can save by settling.

Good luck. I hope your able to get their claws out of you and be free!