Legal Question in Credit and Debt Law in California

Re: loan repayment

Depending on who you owe the money to, they may be willing to negotiate a lower amount than owed if you pay it off all at once. Once a debt has been paid [regardless of the amount actually paid], your credit should not be affected as the debt has been satisfied by agreement. You also might consider borrowing the reduced amount negotiated which pays off the larger debt and builds better credit as you pay off the borrowed money.

Good luck.