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Should you still pay a charge off if it is off your credit report?

In: Credit and Debit Cards, Credit Reports, Improving Your Credit Rating, Credit [Edit categories]

Answer:

All depends on how old it is, some choose to walk away if the debt is beyond the SOL for legal recourse, or close to dropping off of the credit report. If that's not the case, some choose to negotiate and settle the debt for as much as 50 to 75% of the balance.

First answer by Justin1case. Last edit by Justin1case. Contributor trust: 5 [recommend contributor ]. Question popularity: 1 [recommend question].

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