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Is having charged off accounts on your credit report good or bad? Should I still pay off those accounts?

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Is having charged off accounts on your credit report good or bad? Should I still pay off those accounts?

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  1. A charge off means it was uncollectible at the bank or store level. It will stay on your credit report for 7 years. If it's close to 7 years, it will drop off, if it's fairly new, then it's your choice if you want to pay it or not. If you decide the pay, the SOL will start all over again

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