Settled and satisfied debts

Hi guys, so I’ve done a bit of research into ‘satisfied and settled’ debts, I’m under the impression, settled is ‘settled without the debt being in default.

Satisfied is settled for a smaller Ammount prior to a default.

Now, my question is, how much do these really matter in terms of ‘Lenders declining/accepting’, I’m aware that this will be 6 years before clearing off my credit file etc.

But does it really matter if I settle or satisfy?

Debt Free wanna-be in a year.
£15000 debt in October 2017
£0 in October 2018


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