In my last post I discussed the tax consequences of settling debt.  Here are some numbers to give insight into what happens to credit scores when an account is settled.

• If you start with a FICO score of 780 scores will drop down to around a 655-675.
• A Starting FICO score of a 720 will drop down to around a 605-625.
• A Starting FICO score of a 680 will drop down to around a 610-630.