Back in 1997, my financial aid got lost and I ended up bouncing a bunch of checks and having one credit card charged off. I took care of everything that I could find, but I know there has to be some old outstanding things on my credit report (I applied for a credit card and was denied). Since that, I have requested copies of my credit reports from all three bureaus which I haven't received yet. The good news is that I am current on my only other credit card I had at the time (major bank credit card) and current on my student loan payments (no late payments on either according to their websites). In reading some of the posts on this message board and others, I am concerned about trying to deal with ca's and the charge off. Someone told me that the charge off will remain on my credit history for 7 years after the date of payment. If this is correct, why should I bother paying it (except out of moral conscience). Any advice would be appreciated. Thanks in advance for all of your help.