Paid charge off accounts

Discussion in 'Credit Talk' started by Imacer, Oct 4, 2003.

  1. Imacer

    Imacer Active Member

    Are paid charge off accounts worst than not being paid?
  2. lbrown59

    lbrown59 Well-Known Member

    The difference between paid and unpaid is with unpaid you didn't have to pay for getting the shaft.
  3. jam237

    jam237 Well-Known Member

    The common reason why PCO's are considered to be more negative, is that in 99% of the times, the date of status or similar is updated to the date it was given PCO status.

    Which would be a more recent date than the CO status, which would give the PCO a more nagative impact on your score, since it is more recent activity.

    This is why you'll see everyone to advise on trying to negotiate for deletion on payment, instead of just updating on payment.
  4. Creditoops

    Creditoops Member

    Sure wish I'd known all this 2 years ago BEFORE I paid the CA. Having a time trying to get them off myself.

    DS has a huge amount of CO's and I told him DO NOT PAY!
  5. lbrown59

    lbrown59 Well-Known Member

    1* 2* & 3*
    A charge off is A derog simply because it's a charge off.Paying it does not change the fact it was charged off.

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