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When you file for bankruptcy, your credit ranking will be impacted negatively for seven to a decade. Since debt settlement ends up you owing less money, this will look on your credit track record too. Is actually will show is that you didn't pay your overdue balance in full; however, it will demonstrate that in class make fee. Since you didn't just up and avoid your debt, the affect your credit standing will be less. In all of cases, it'll get that you' lower credit score for only around 2. ONext, away a price c