I have an MBNA account that was settled on 3/99. The account was never past due before settlement so it’s listed on all files as R1 “pays as agreed”. Now under the payment history in EQ it shows “Settlement accepted on this account” The account doesn’t show up as closed, although it was closed since 3/99.
I am wondering if the sentence “settled” is synonymous with “closed”. Or does listing it as settled means it has to be closed? I am thinking of disputing it on the basis that it should be listed as closed. May be they will end up deleting the tradeline completely.
In EX, a creditor note is shown saying that the account was settled for less than full amount. The account status otherwise looks fine. It is listed under positive tradelines :-)