Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
Re: What happens if I pay a chargeoff

No, unfortunately just paying it will not remove it from your CR.  It can stay the entire time permitted by law which is 7 - 7.5 years past the DOFD.

 

Also, paid and unpaid collections and CO are looked at the same by FICO.

 

Does this have a CA attached to it?

 

What is the DOFD and the SOL?