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Cap 1: pay charge-off?
Greetings, and thanks for your help in advance. I want to rebuild my poor credit, so I was thinking the Capital One secured card might be a good option. Problem is, I have a charge-off from them from 10/2010. the account is out of SoL, but i have not paid the $1500 balance yet. So, two questions:

1) will the unpaid charge-off prevent me from getting the secured card?

2) what are the advantages and disadvantages to paying the charge-off versus letting them drop off in a few years?

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