should a default credit account show settled or balance of £0
Balance due reported as $0. Your credit report should not show that you owe a balance on your account. If it does, it could mean something went wrong with the actual settlement.he letter should be on company letterhead and include your name, account number, and a statement that the account balance is now $0. Dispute errors with the credit bureaus. If you see errors in the way your settlements are reported, you can dispute them with the credit bureau.