What is a paid in full letter?
In respect to this, what is a paid up letter?
A paid-up letter is a letter confirming that an account has been settled or paid up in full.
Additionally, what does paid in full mean? "Paid," or "paid in full," is the term applied to installment accounts, like car loans, after the last payment is made and you have completed repayment of the loan as agreed. Occasionally the terms are interchanged on accounts, but the underlying meaning is the same.
One may also ask, how does a paid in full affect my credit?
Credit Score Impact When a debt is settled, a creditor updates your credit report to show a status of “settled” or “paid settled.” While a "settled" status is slightly better than an "unpaid" status, any payment status other than “paid as agreed” or paid in full” can damage your credit.
How can I get full payments off my credit report?
Use the credit report dispute process if your credit report still shows the account as unpaid. Send copies of your proof of payment to support your claim. If you negotiated a pay for delete, the collection account should be completely removed from your credit report after your payment is cleared.