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What Does It Mean to Settle an Account?
Why You Might Want to Remove Settled Accounts
Settled accounts are likely to lower yourcredit score.
Can You Legally Remove Settled Accounts?
However, you should always scour the information in your report for errors and dispute any inaccuracies you find.
The following is a generic template for a goodwill removal request letter.
Highlight any positive credit behavior since the issue occurred, such as consistent on-time payments on other accounts.]
Thank you for considering my request.
I appreciate your time and understanding in this matter.
How Long Do Settled Accounts Stay on Your Credit Report?
The bureaus should automatically remove settled accounts after that time.
If they dont, you’re free to file a dispute for their removal.
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