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Is settled in full status more favorable than other statuses?

Is certain wording on one’s credit report, for example, “settled in full” status more favorable than other statuses?

What should I ask creditors/debt collectors to agree to report on
credit reports before making final debt settlements?

First, let’s make sure we know our rights for reporting debts,
especially old debts.

Second, recognize that if the debt is being reported to credit
bureaus for the first time, and the reporting period
(typically 7 years) has NOT expired, the debt must still be
reported using the original delinquent date.

Third, assuming the debt is already on your credit report or
will be reported after settlement, always try to have it reported
as follows…
1. Not reported at all
2. Paid in Full
3. Zero Balance
4. Settled

Also, understand that the exact wording and codes differ by
credit bureau.

confidential informationThere may be instances where discussing your situation over a public forum could potentially compromise your interests. On these occasions we will contact you directly via email in order to answer your inquiry in a confidential manner.

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