What reflexs worst on acredit report paying off asettlement or paying off the total delinquent balanced owed?

I have a credit card that is 1500.00 delinquent, recently the collection company contacted me and offered me 2 options a settlement pay of 1125.00 in 3 payments or monthly payments of the full balance, currently on my credit report it reads im delinquent, if i opt with the settlement it will read paid off settled, if i go with paying the full amount it will read delinquent for what ever amount of days and paid in full, which one will have a worst affect on my credit or will they both have the same affect