I have charge off that I called to validate. I know I should not have done that now. But a little too late for that. I'm in the process of applying for a mortgage and in order to move forward the lender, USAA was requiring the charge off account to be paid. I called the original creditor to validate, which I knew would happen. I attempted to work out a lump sum payment. Basically it was a no go initially. However,, after a few months and speaking with someone else I was able to reach a settlement amount, which I paid. I just looked at my credit report and it's showing that I've been "making payments as agreed" for the past three months.....which I haven't. I just made the one lump sum payment this month. Is that something I should challenge now? Will it help or hurt my score? Paying the charge off has already dropped my score about 40 points.
