If you have Social Security credits in both the United States and Canada, you may be eligible for benefits from one or both countries. If you meet all the basic requirements under one countryâs system, you will get a regular benefit from that country.
Settled accounts are potentially negative and remain for seven years. Settled accounts stay on your credit report for seven years. Settling an account for less than the full balance owed is considered potentially negative because you did not repay the entire debt as agreed under the original contract.
As mentioned earlier, closed accounts will still appear on your credit report for seven to ten years, but some models may only look at open and active accounts rather than closed accounts. In addition, when your loan does fall off, it could shorten your credit history and reduce your types of credit accounts.