What happens to an R9 after you settle the debt?
Just settled a debt for 50% of what was owed and received a clearance letter. The agent on the phone was unable to tell me what happens at the Credit Reporting Agency now, except for the fact that they [the collection agency] will report the settlement to the CRA.
That credit entry had reached the R9 status and i'm wondering what happens to it now, or once the settlement has been reported to the CRA?
- thanks in advance for any knowledge.