Does anyone out there know if a paid charge-off will result in a higher FICO than an unpaid charge-off? I know that for getting a mortgage it needs to be paid off, I'm just not sure if having it paid off will actually increase a FICO score or if it simply sees a charge-off, of any status, as a charge-off. TIA! Kirk
I'm pretty sure they are scored the same. The fact that the CO occurred is what I think drives the FICO score. If I'm wrong, someone will correct me..... Tom