You'll keep getting CO reported each month until its satisfied. Either settlement or PIF. Depending on the SOL in your state is when the cut off point for when they can take you to court and go the legal route. What is it in your state? And the DoFD.
"If so how should I do this to best help my credit profile? " PIF or settle then its gone no longer affecting util. And the CO updates will cease.
Look at your reports. Whats the date of the first late that led to a charge off. Not when they updated last.
@utmcx wrote:I'm in MA so it looks like 6 on a debit Account.
So it sounds like next year the SOL would be over?
Also, just because the SOL is over doesn't mean the credit reporting will stop. SOL and reporting period are 2 separate things. Even if they can no longer sue, the updates on your credit report will continue until paid or until the 7 years have elapsed.
