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This boost from paying off an account can be seen on your credit report quickly; lenders usually report account activity at the end of the billing cycle, so it could take 30 to 45 days for it to impact your credit report.
How Long Do Settled Accounts Stay on a Credit Report? Settling an account will cause the status to show that you no longer owe the debt, but the account will stay on your credit report for seven years from the original delinquency date.
If the settled account is an error, you can file a dispute with the three major credit bureaus to have it removed.
How Long Do Settled Accounts Stay on a Credit Report? Settling an account will cause the status to show that you no longer owe the debt, but the account will stay on your credit report for seven years from the original delinquency date.
Debt settlement practices can knock down your credit score by 100 points or more, according to the National Foundation for Credit Counseling. And that black mark can linger for up to seven years. Much depends on circumstance.

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Review Your Debt Settlement Options Dispute Any Inconsistencies to a Credit Bureau. Send a Goodwill Letter to the Lender. Wait for the Settled Account to Drop Off.
If the paid collection was legitimate, you can consider asking your lender for a goodwill deletion of the collection from your credit report. If all else fails, you have to wait until the paid collection drops off your credit report. At that point, your credit score will recover.
If youve agreed to a pay-to-delete arrangement, your settled account should be removed as soon as your creditor reports the changes to the credit bureaus. If its been a few months since youve paid off your account, contact your creditor and ask them to remove the settlement.
You cannot remove settled accounts from your credit report unless the information listed is incorrect. Even though you repaid the debt, partially or in full, or the lender stopped its collection attempts, the entry will remain on your report for seven years.
A debt settlement will stay in your credit history for seven years from the date your account first became delinquent (known as the original delinquency date). If there was no prior delinquency, the debt settlement will remain on your credit report for seven years from the date the account was reported settled.

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