u/New_Reaction_601

Hi all,

I have one charge-off on my credit report that’s set to fall off in September. It’s from an old Chase Southwest card. I recently saw an offer to settle for 10% of the original balance, which would bring the account to $0.

Since it’s scheduled to drop off later this year, I’m wondering if taking the “settled for less” option now would improve my chances of being approved by Chase again in the future.

For context, my current scores are: EX 710, TU 705, EQ 690.

I don’t get collection calls or emails for this card as it’s been 6.6 years since the charge off (was never sued either).**