Settlement Accepted & Charge-off

Shouldn't it be one or the other? Ultimately I think it should read paid not charge-off.
Below is what it says on my Experian report I pulled today.

Pete

Account Number: XXXX
Current Status: CHARGE-OFF
Account Owner: Individual Account.
High Credit: $0
Type of Account Revolving loans have an amount owed which varies from month to month, like a credit card.: Revolving
Credit Limit: $0
Term Duration:
Terms Frequency: Monthly (due every month)
Date Opened: 2001/11
Balance: $0
Date Reported: 10/2005
Amount Past Due: $0
Date of Last Payment: 07/2005
Actual Payment Amount: $0
Scheduled Payment Amount: $0
Date of Last Activity: N/A
Date Major Delinquency First Reported: 04/2004
Months Reviewed: 2
Creditor Classification:
Activity Description: Paid and Closed
Charge Off Amount: $0
Deferred Payment Start Date:
Balloon Payment Amount: $0
Balloon Payment Date:
Date Closed:
Type of Loan: Credit Card
Date of First Delinquency: 09/2003
Comments: Settlement accepted on this account,
Charged off account

 

My bad it is equifax I just mailed off a dispute for another item on equifax that is wrong, so should I wait until next month?

 

so any tl's that say
Settlement accepted or paid
should no longer have delinquent or charge off in current status right??