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Charge Off Reporting Correctly?
I have a debt with Chase (credit card) that is in Charge Off Status. I've been paying an agreed monthly amount via bank draft to a collection agency (GC Services) for a few years now. While it lists it as the grantor charging it off... the time table shows it being reported as "180+late" every month. I had another account with the same scenario (Capital One), however it showed it reporting as simply "C/O" each month until I paid it off. This leaves me with two questions: Does this "180+late" have an even more negative impact on my score each month? It will be on record until March 2015, would paying it off in full make any substantial difference versus continuing to pay monthly?

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