The credit industry has us all running around holding our basket of credit score eggs. One trip or slip…
There is obviously a LOT of thinking that needs to go into a decision like this, but if you are likely to default in the near term or intermediate term obviously you do not want to end up being 1099’d.
That said there are a LOT of circumstances such as being insolvent which may make the issue moot.
Sounds like you REALLY need to dig in and get all the information.