Ask Experts Questions for FREE Help !
Ask
    cmgray1's Avatar
    cmgray1 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 24, 2009, 12:19 PM
    Settled vs Settled in Full
    What is the difference between a "settled" account and a "settled in full" account?
    N0help4u's Avatar
    N0help4u Posts: 19,823, Reputation: 2035
    Uber Member
    		  
    #2

    Jun 24, 2009, 12:24 PM

    I do believe settled means came to an agreement for less than the full amount. Settled in full means that the entire amount/debt was paid off.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Not my debt but it needs to be settled [ 4 Answers ]

My mom got credit cards in my name and hers. She ran up the debt and was unable to pay it off. I didn't know anything about the credit cards until I started receiving letters from collection agencies. Can I settle the debt and have the negative debts removed from my credit report?

Sued for settled debt [ 5 Answers ]

We settled a credit card debt for less than the amount. They sent a letter saying "final payment for settlement of account received, settled in full. Credit Bureau report will say settled for less than full balance." We will get a 1099-C for the unpaid amount. A few months later, we received a...

Settled Debt;creditor wants more [ 1 Answers ]

Hello. I was sued by Crown Asset Management (Pollack & Rosen). I settled before the court summons for 2400 out of the 3000. When they sent me the stipulation, it claims that I owe 2777+300 court costs. I paid 1200. And plan to pay the other 1200 in the next few weeks. The weird part was that the...

When will the HD-DVD format issue be settled? [ 20 Answers ]

Does anyone know when the powers that be might be deciding which format for HD-DVD/Blu-ray is going to reign surpreme? I'm waiting for that before I buy.

Is it really settled? [ 9 Answers ]

I was sent a settlement letter by a collection agency the debt was $307. They offered my a settlement $215 to settle debt paid. I sent them the money via Money order and return receipt in plenty of time. BUT the difference of $92. Is showing up on my credit bureau as an owed balance. What is...

View more questions Search