Web"Closed" and "paid in full" mean essentially the same thing, but the terms usually apply to different kinds of credit accounts. Credit Card Accounts Show Closed Revolving accounts , like credit cards, are referred to as "closed" when the account can no … WebMar 17, 2011 · R01 paid as agreed account closed paid up to date" Is this the best way for it to be reported to minimize a negative impact (or maximize a positive impact) on my credit rating, and if not, what is the exact wording of the report I …
Settled account vs. paid in full account - myFICO® Forums
WebDec 23, 2024 · Paying in full means paying the full balance of your remaining debt. For example, if you have $300 remaining in credit card debt, paying in full would mean paying the whole $300 balance as well as any … WebOct 11, 2024 · If the lender hasn’t sold the account, you can offer to pay the debt in full in exchange for the charge-off note to be removed from your reports. Some debt collectors may offer to remove the charge-off note from your credit reports — this is sometimes known as a “pay for delete” offer. spanish lake elementary school geismar la
Charge Offs & Settlement Bills.com
WebApr 5, 2024 · "settled for less than full balance" These account statuses are not considered as positive as a "paid in full" status, but the difference is generally negligible, especially considering the amount of money you may be able to … WebJun 6, 2024 · A settled account is an account that has been fully paid or closed. Types of settled accounts can be a loan that was paid in full or a closed credit card account. Settled accounts can also be known as collection accounts. These accounts can appear on your credit report for up to 7 and a half years from the date it was paid in full. WebDec 20, 2024 · That's also true if you paid off a credit card account and closed it. The types, or "mix," of credit you have. Scores reward you for having both installment accounts (with set payments over... spanish lake farrier supply