Paying off account will not restart the seven year time frame


Dear Experian,

If a charged off credit card is about to drop off and I pay it off, can the creditor restart the seven year time frame on my report?

Thank you.



Dear PYR,

Paying off your charged off account would result in the account being updated to show “Paid,” but it would not extend the amount of time the item will remain on your report.

The seven year time frame is calculated from the date of the first delinquency leading up to the charge off status, so the date the account will be removed will not change.

Once you pay the debt, your credit report will be updated to reflect that the debt has been paid in full. Paying off a collection account won’t necessarily result an immediate surge in your credit scores, but it may help reduce the impact over time, and it could be beneficial if your report is reviewed manually.

Thanks for asking.

 The “Ask Experian” team

Our policies for Ask Experian:

The information contained in Ask Experian is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding your particular situation. Please understand that Experian policies change over time. Posts reflect Experian policy at the time of writing. While maintained for your information, archived posts may not reflect current Experian policy. The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future post.