Re: Credit Reporting - Settled Debt

Posted by Andrew on June 27, 2001 at 18:41:30:

In Reply to: Credit Reporting - Settled Debt posted by Luna on June 27, 2001 at 13:45:44:

: I settled credit card debts almost 18 mos.
ago. I am in the process of trying to clean up
my credit. Two of the credit companies show
my account at 0, the other one shows the
amount they "forgave" me on my credit report
as an unpaid balance. The woman at the
bank who issued the card explained to me
that it is their policy to show the "forgiven"
amount even though the account is settled?
Is this right? Is there any recourse I can take
to get the number to zero? The account has
been paid!

This is the situation I am trying to avoid.....you
need some sort of proof that they settled with
you.....what is legally acceptable.

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