In many cases, a creditor agrees to a settlement that is paid over time through a series of installments. While the settlement has been successfully negotiated and accepted, the debt is not considered fully satisfied until all agreed-upon payments have been made to the creditor.
As a result, you may continue to see scheduled drafts even after a settlement has been reached. These drafts are used to complete the remaining settlement payments and ensure the account is fully resolved according to the agreement.
Was this helpful?