Joe DiMaggio was one of the best all-round baseball players in the history of the game, helping the New York Yankees to nine World Series titles.
The creditor is the one who reported the charge-off, and so it is he who can remove it once the debt gets paid. If you want to remove the charge-off on credit report, you will have to talk to the original creditor about the payments and request that he pulls back the account from the collection agency. However, this will depend on whether or not the account has been sold off.
Your charged-off accounts will stay on your credit reports for seven years and then must be removed under the Fair Credit Reporting Act. So, if you choose not to pay, you will have to wait that long for the charge-offs to no longer affect you. debt that has been charged off is normally more than 180 days past due. If no payment has been made in that period of time, the accounting rule is that, because it is unlikely it will be paid in the near future, it can't be carried on the books as a current asset.