Charge Offs

It depends on how old they are. Sometimes it is best not to pay them

Does paying off liens & collections improve my credit?
In the long run yes, but in the short term it doesn????????t have much of an effect at all, unless the amounts have a balance listed in the ???????past due??????? section of the report. In that case I suggest to pay the balance in the past due column if it is less than two years old, but remember; whenever you make a payment on a collection or a charge off, the seven year clock starts all over again and the item will be reported for seven more years from the date of payment. If you never pay a collection then it will disappear seven years after the time you last made payment on the credit card that resulted in the collection.

Thats good to consider MCA I just now got to this post as it is very relevant to a situation of mine as well. thank you

The reporting clock does not reset on old past due debt. That is bad information and the FCRA plainly states it is not legal to do this.

Cajun's right. It's seven years from date of first delinquency, not last activity.

Making a payment may restart the SOL clock, but won't restart the credit reporting clock.

To add to this topic,the only legal reage is a Fdic rule 5000 done by an original creditor bringing account current again.This is the only legal way I know of to legally reage a debt for credit reporting purposes.