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sugadooto

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will paying off charge off make great difference

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It would most likely help, however the best thing for your credit is to get negative items REMOVED from your reports if possible. Do some reading on "pay for delete agreements". Also do some reading on the seven year credit reporting time period, the "statute of limitations" in your state to be sued for this debt, etc. Sometimes if the accounts are old you are best to not touch them and just let them fall off, however if they are more recent and will stay on your reports for time to come, then you should do something with them if you are financially able to pay them in full. The best case is to get them removed, but if you are unable to do this, getting them marked as "paid and closed" will benefit you too, just not as much as a removal.

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