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jmurphy720

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my credit card is reported as a loss on report.if I pay now will that loss be cleared?

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The account will show a zero balance, but it will still be on your report as a paid charge-off for 7 & 1/2 years from the date it went delinquent.  If it's really old, you may want to wait it out.  You can also ask them to delete the account once paid in full (get it in writing if they agree), but even if it stays on, a paid collection is less damaging than an unpaid collection.  Best of luck!

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