Settled account
Credit scores & reportsAn account that has been fully paid off and closed.
Overview
Settled accounts show that you repaid credit as agreed.
They can remain on your report for a period of time after closure.
Why it matters
- It adds positive repayment history.
- It can improve how lenders view your profile.
- It provides evidence of responsible credit use.
FAQs
Does settling an account improve my score?
It can help, especially if the account had a strong payment record.
How long do settled accounts stay on my file?
They typically remain for several years after closure.
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