Reply
New Visitor
bigbucks
Posts: 1
Registered: ‎03-08-2007

charge off account

i have a charge off account with a balance of 93.00.  can i still pay the creditor and if so will it
increase my credit score?  my credit jumped 40 points when the listed the highcredit, where as before it was unknown.
    
New Visitor
NuBeginnings
Posts: 1
Registered: ‎03-08-2007

Charge off account



bigbucks wrote:
i have a charge off account with a balance of 93.00. can i still pay the creditor and if so will it
increase my credit score? my credit jumped 40 points when the listed the highcredit, where as before it was unknown.



If you pay the Charge off, the credit bureau lists it as paid after charge off, it looks better to lenders however it is not removed from your credit report until the given date. You should google it...

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+