A full and final settlement will be recorded on your credit report and may negatively affect your credit score, as it can be seen as a sign that you have not fulfilled your financial obligations in full. However, the specific impact on your credit rating will depend on a range of factors, including the size of the debt, the type of creditor, and your overall credit history. Additionally, it's worth noting that a full and final settlement can have some positive effects on your credit rating, as it shows that you are taking steps to repay your debts and manage your finances responsibly. Ultimately, the decision to pursue a full and final settlement should be made after careful consideration of all the potential consequences.