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Registered: ‎11-09-2012
Re: Does Paying an Old Charge-Off Help FICO: Yes or No?

I am not sure with Fico, but believe where Credit goes Fico goes. I found that going back and paying off charge offs or write offs, will impact you in a negative way as does Credit cpanies who say they will clean it up, so you can secure a higher score. I lost 35 points from Credit repair and paid off 8 charge offs equal to $9000, it dropped another 40 points. After investigating an attorney told me paying off charge offs will only activate the count again reflecting the bad credit score... I will have the other two charge offs paid off, once non credit score is high enough enough to take the drop, but still be credit worthy.


Sorry for long reply... 



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