I settled a charge account w/First Premier back in December, 2007. When I just pulled my credit report, they did report says "settled for less than full balance" . However they also have been reporting every month until October 2008 as paid (shows up green on Equifax report every month from Jan-Oct).
Can they do this? Once we have a settled account, I wouldn't think it could be reported every month--would I be able to sue for $1000 for each month they reported for violations of credit reporting