How will settling credit card debt affect my credit score?

Question by operamemartexpo: How will settling credit card debt affect my credit score?
I have several accounts on my credit that are all in good standing. I just have one credit card with $ 25,000 in debt. I was making payments on it but when my husband was laid off, I couldn't make payments. It's over 90 days due and I want to settle the debt but I am afraid of how it will affect my credit score and what I can do to make sure it is not too negative on my credit. Any advice?


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