Re: What happens if I pay a chargeoff
08-07-2009 09:29 AM
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?