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You have an old account that has been picked up aby a thired party collection co it was charged off your credit 2 years ago should you pay it?
Wiki User
∙ 16y ago
no
Wiki User
∙ 16y ago
Paying off an old account that has been sent to a third-party collection agency may not necessarily improve your credit score, as the charge-off will still show on your credit report. However, paying off the debt can stop collection efforts and may reflect positively on your credit report. It's important to consider the age of the debt, the statute of limitations, and potential negotiation options before making a decision.
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