How long does it take to improve credit score after debt settlement?

between 6 and 24 months
Your credit score will usually take between 6 and 24 months to improve. It depends on how poor your credit score is after debt settlement. Some individuals have testified that their application for a mortgage was approved after three months of debt settlement.

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Is settlement good for credit?

‘ A ‘Settled’ status still has a negative effect on your credit score as it shows you have not paid off your dues in full. Talk to your credit card company and agree on a mutually acceptable amount – based on your income and affordability – that will allow you to convert it to a ‘Closed’ account.