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boblohr88
Posts: 1
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... 

 

Bob

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