How should my settlement appear on my report?
Date: Wed, 02/18/2009 - 20:46
After settling a couple debts previously thru a major company, I now have "settled for less than full amount" on my reports. Then on the D.I.Y. steps to settle I read that I should request they report paid in full on my report? Have I misunderstood, and if not, is it possible to go back and have them change it to paid in full. I did get letters back then stating after the said amount was paid, they would mark it with "settled for less than full amount".
Hi nosensegrafix, Yes, during your negotiations, you should a
Hi nosensegrafix,
Yes, during your negotiations, you should always try to get the best marking you can. However, since the debt is NOT paid in full, if it is settled, you are highly unlikely to get this notation. "Paid as agreed" just sounds better and looks better should you try to apply for new credit after you have settled, so that is always a nice wording to shoot for.
I doubt they would change the notation after the fact, but you can try if you like.
Hope this helps,
chrys
