Debt Payoff Guide is a free service that connects consumers with third-party debt-relief providers. We are not a lender, law firm, credit-counseling agency, or debt-settlement company, and we do not provide financial, legal, or tax advice. Information here is general and not a recommendation.
A settled account is generally reported for about seven years from the date of the first missed payment that led to it. It is marked 'settled for less than the full balance,' which lenders can see. The negative marks fade over time, and their impact eases well before they drop off.
Related: How Debt Relief Works · what debt relief costs · debt payoff calculator.
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