How should I pay off my credit card debt when I just received a lump sum of money?
I recently received a good amount of money from a work related injury and now have the opportunity to pay off the ,000 of credit card debt I now have in collections. Should I just pay the complete amount I owe or should I settle with the credit card company to pay only 25% of what I owe. This debt has been in collections for two years. What option would be better in the long run? I figure I’m already so late on payments how much worst can my credit get if I settle.