Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Pay off settlements with credit cards? - I am receiving settlement letters from the credit card company's that I owe. I am way behind in payments and by now they are on my credit report. If I wait 7 to 10 years it will drop off my report if I don't file for bankruptcy. If I pay the settlements for my credit cards, is it true it will drop off my credit report after three year? -