When you settle a card debt for less than the full amount should the amount due and the balance as listed on your credit report be zero or can they list the account as past due with a balance?

Answer

The account can read 'settled-not paid in full'-'settled-paid' or similar.

The account should not be listed as 'past due' but any unpaid amount can be picked up by a collection agency who may try and collect on the unpaid amount.

Monitor your credit report [[yearly] for any changes in the account status. Don't be afraid of disputing any inaccurate information, after all this is your credit report.

Keep all written confirmations of accounts paid in full for about seven years so you have proof at a later date, if necessary.

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