Thank you for the philospohical explanation, however, my question is - if I pay off the $700 that was charged off with Charter One Bank for an overdraft account, and they remove the CO from my CR, will it impact my score.
It's only $700, so utilization impact minimal, but fact that there's a CO and Derogatory Account stain on my CR is what I'd like to rid myself of, if there's any score impact.
