if a pay off charge off may will or not boost my credit score...if so how much may will be?

Public Comments

1. pay off will increase your score charge off will decrease your score depending on either one, can be anywhere from 30-70 increase or decrease.
2. sometimes it can actually hurt your score temporarily as you are activating an old account and it will report like it's recent.
3. unfortunately, even if you pay a charge-off, it will still remain on your credit report for several years. you can try to talk to the collection agency, who can document that you paid your charge-off, and maybe that letter can be attached to any applications you fill out.
4. Depending on the age of the charge-off and your recent history, the payoff could decrease your score or totally reverse the effects of the charge-off. Without more information, there is no way to tell. Anyone who gives you a point range is being overly simplistic.