"Paid in full" means you have paid the total amount due, including interest and fees. "Settled in full" means the creditor has accepted a lower amount to close the account. Regardless if you paid in full or settled, the account will continue to report for seven years (hurting your score).
Paid In Full Vs Collection Settlement On Credit Report: Does It Matter For Your Credit Score?
Whether you "paid in full" or "settled in full," a collection stays on your credit report for 7 years (hurting your score).
Get Your Credit Score Improved Professionally
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (833) 461-0151 or setup a consultation with them. They also happen to have incredible customer service.
Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.