I had an account that I settled with a third party. Sometime later I noticed the old creditor still listed I owed the money. I disputed the tradline as "not mine." After the investigation, it was updated with "account sold" and balance indicated "n/a" Is this bad? It doesn't reflect its paid. If I go for a mortgage will I have to produce the paid reciept and settlement letter? Should I press the company to reflect a zero balance?
N/A will be interpreted as zero balance, so unless the third party also reports it, it won't be an issue in getting a mortgage. Even so, if you still have proof of the settlement from the third party, keep it in a safe place until the statute of limitations on reporting us up.
