<prompt> Human: Im approximately 70k in credit card debt but will have the money to pay everything off by the end of this week. Ive never missed a payment, always pay more than the minimum required. Money owed is spread through several different cards 4. Someone told me that I should call each bank and ask to settle the debt. My question is, wouldnt this affect your score negatively? Is it worth it? I can pay the full amount, but of course, if settling is something that these companies do frequently with no harm done, might it be worth it?Edit: Thank you all for your thoughtful answers. I love this sub.  <response>: Most lenders wont settle a debt for an account that is in good standing. If the accounts were in collections that is another conversation entirely. 