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  • Loan and credit file

    I got a loan and was supposed to pay it off over twenty weeks.

    It took a lot longer than twenty weeks but i did pay it off.

    On my credit file it shows settled but i thought it should say paid in full?

    Does settled have an effect on your credit file compared to it saying paid in full?

    It says zero balance but i will soon have another loan paid off with the same company and i don't want them putting settled if it should say paid in full.

    Thanks

  • #2
    Re: Loan and credit file

    Looking at my credit file, loans I paid early after missing no payments are marked just as settled, so I think you're fine.

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    • #3
      Re: Loan and credit file

      Settled is the correct entry, for a settled account
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