My score is 523. will settleing charged off accounts raise my score?

Paying a collection account will really do nothing to improve your score.

Once the account has been transferred to collections, it remains a collection account even it the account is paid off. I learned by experience. It shows paid but it is still on the negative side so it does not benefit you much if at all to pay old collection accounts. The only thing is will show is that you did pay it off and to someone that is trying to build their credit by obtaining new credit, it may benefit that you paid your obligation in stead of letting it just hang out there. But as far as your credit score is concern, nah'

ok, thanks. ( :

i would not agree with Soaplady paying up your debts always helps your scores even if the impact is not positive it will atleast stop the neagtive from going on hitting your accouter a paid off account always looks better than a charged off account

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well thanks for the correction soap lady but paying of a collection account may make you last date active more current this would have a short term negative impact however it does have a long term gain since that debt is going to reflect as paid off and may be 3-6months down the line you will be back on track but that again depends on how many charged off accounts you have cleared.i also want to highlight that your future creditors would see that you made good on your promise of paying of your debts even if you went through hard times and had forgotten it for some time but you paid it off having alot of unpaid charged off accounts are only gives your creditors an impression that you do not have intentions of paying you past creditors so your future creditors are going to consider you a risk