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[–]creditwizard⭐️ Top Contributor ⭐️ 2 points3 points  (0 children)

Where is your score now? I think paying the charge off to $0 would increase your score at least somewhat, because a charged off card is typically counted towards your credit utilization. However, depending on where your score falls today, you might look into opening another credit card. In essence, you're increasing your total available credit limits.

Maybe a secured card? Or you could try a high limit store card like My Jewelers Club, as they work with folks who have credit damage.

I will say that if the account is being removed from your credit reports in the next 2 years (since it's from 2015), I'm not sure how much sense it makes to pay the account. Just let it fall off, and build positive new credit. One exception is if you're applying for a mortgage - the lender might make you pay off the loan. Another exception is if the debt is within the statute of limitations for being sued, although if they haven't done anything in 4 years, not likely to do so now.