What about charge-offs?

No it will not improve your scores as a paid charge off is equal to an unpaid charge off for reporting purposes.Paying the debt will look favorably on your report if a creditor does a manual review.

A charged off account if paid will be listed as ???????Paid Charge off??????? in your report. Though it????????s not the best thing to have in your report but is certainly better than a charge off account. If you want to improve your credit score, you have to remove negative listings and clean up your report, and secondly you have to responsibly work with small amounts of new credit.

Take care :)
Nelly