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Paying4college10yrLater

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Credit report shows charge off in Dec14 will my score drop again once collection agency reports?
$500 credit card balance charged off in dec 2014. Called to pay off balance Sept 2015 and was informed it was CO and sent to collections. Collection agency has not reported to any of the credit bureaus..... YET. Once it is reported will my score drop again? Even though it has already been affected from my late payment and charge off?

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You better believe it and big time. You should find out who the collection company is and contact them asap and get them to agree to not report the account to the credit bureaus in exchange for you payment. Be ready to pay it immediately when you contact them.

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