HI Aninicole,
By al means I am not an expert, but I will attempt to answer your question to the best of my ability.
Usually when an account is charged off it is written off after 180 days and sold to a CA. There is then two delinquent accounts on your report, one from the original creditor (OC) and the CA. A chargeoff drags your score down tremendously and puts you into a different rating category with the credit bureau's. You can send a "goodwill" letter to the original creditor and ask them to remove the charged off account. My score increased 15 points after it was removed.
