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Paying A Charge-off with the Bank

newhomesoon411
New Member

Paying A Charge-off with the Bank

I have a charge-off with Robins Federal Credit Union from an account that closed. I was makin g payments but stopped. The amount left to pay is $500. Will paying the charge-off in full lower my credit score?
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1 REPLY 1
Adkins
Mega Contributor

Re: Paying A Charge-off with the Bank

No. If the charge off is still reporting every month with a balance, paying the balance in full will update that to zero and stop the constant update to your report. This should help your score.
Last HP 09-14-2020



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