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Should a settled account show the amount settled for

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Anonymous
Not applicable

Should a settled account show the amount settled for

I have a charge account that went to collections and was settled in 2013, but I cannot find the amount that I paid to settle. I believe it was $150. I may be looking at my report wrong, but I cannot find it. If the amount that I agreed to settle for and paid is not showing is this inaccurate information? Is there anything that I can do about it?

 

Date Opened: 12/17/2010
Responsibility: Individual Account
Account Type: Revolving Account
Date Updated: 02/14/2015
Payment Received: $0
Last Payment Made: 03/14/2013
Pay Status: Current; Paid or Paying as
Agreed
Terms: Paid Monthly
Loan Type: CHARGE
ACCOUNT
Date Closed: 01/16/2013
Date Paid: 03/14/2013
>Maximum Delinquency of 120 days in 02/2013 for
$173<
Credit Limit: Credit limit of $150 from 09/2012 to 04/2013; $150 from 08/2013 to 08/2013; $150 from 02/2015 to 02/2015
Estimated month and year that this item will be removed: 12/2019


02/2015 01/2015 12/2014 11/2014 10/2014 09/2014 08/2014 07/2014 06/2014 05/2014


Balance $0
Scheduled
Payment
Amount Paid $0
Past Due $0
High Balance $266
Remarks
>SET<
CLO
Rating OK OK OK OK OK OK OK OK OK OK
04/2014 03/2014 02/2014 01/2014 12/2013 11/2013 10/2013 09/2013 08/2013 07/2013


Balance $0
Scheduled
Payment
Amount Paid $0
Past Due $0
High Balance $266
Remarks
>SET<
CLO
Rating OK OK OK OK OK OK OK OK OK OK
06/2013 05/2013 04/2013 03/2013 02/2013 01/2013 12/2012 11/2012 10/2012 09/2012


Balance $134 $97 $231 $192 $153 $116 $79 $52
Scheduled
Payment
$39 $41 $42 $41 $40 $39 $28 $25
Amount Paid $0 $0 $0 $0 $0 $0 $0 $0
Past Due $82 $0 $173 $132 $92 $53 $0 $0
High Balance $266 $266 $231 $192 $153 $116 $79 $52
Remarks CBG CBG CBG CBG
Rating OK OK 30 OK 120 90 60 30 OK OK
08/2012 07/2012 06/2012 05/2012 04/2012 03/2012 02/2012 01/2012 12/2011 11/2011
Rating OK OK OK OK OK OK OK OK OK OK
10/2011 09/2011 08/2011 07/2011 06/2011 05/2011 04/2011 03/2011 02/2011 01/2011
Rating OK OK OK OK OK OK OK OK OK OK

Message 1 of 4
3 REPLIES 3
gdale6
Moderator Emeritus

Re: Should a settled account show the amount settled for

I would consider it a plus they dont report the amount it was settled for. There is no law that compels them to report the settlement amount and I dont see any issue here. The law says "If you report the info must be accurate"

Message 2 of 4
Anonymous
Not applicable

Re: Should a settled account show the amount settled for

Thanks for the response. I wasn't sure if the amount paid off should show or not. Like you said it's probably a plus. Now if I could just GW to get it taken off my credit report.

Message 3 of 4
RobertEG
Legendary Contributor

Re: Should a settled account show the amount settled for

Most go out of their way in order to avoid having info regarding any reference to paid for less appear in their credit report.

All that is required is that the furnisher report the current debt or collection balance.

Showing of paid without reference to the terms makes the account appear the same as is paid in full.

Message 4 of 4
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