paying debt in full vs. paying a lesser amount as a "settlement"
Dealing with a debt collection agency who "bought" debt from original creditor (a store credit card). They said they are willing to settle for a lesser $ amount, although have not yet stated that lesser $ amount. 2 questions: Does settling like this have more negetive implications on credit report and FICO score than paying the original higher amount? Regardless, will debt collector notify credit agencies of the paid off debt or is it my responsibility to do this?