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ricndal

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charge off about to fall off.should i pay it and reap benefit of age of account history time.
account is 6 years 9 months old..Should I make payment arrangments to keep this account alive and reap benefit of age of account because late payment status will fall off anyhow after the 7 year mark and wont show up

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No, becuase a charge off hurts your credit score more than paying it would.  On your report even if you paid it off it will still read as a closed, charged off even though late payments won't show.  If once you hit the 7 year mark it doesn't fall off just contact the creditor, most want you to write them or you could just dispute it  to have it removed for the length.

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