Comment from Sgt Big Red
Time July 23, 2009 at 10:55 am

First to answer your question, yes it will improve, it will still take time and if you keep your current debts paid up to date, then you should see your score increase.
You must know that it actually takes 7 yrs and 180 days to be removed from credit reports as per Running of Reporting Period – Section 605 [15 U.S.C. § 1681c]
As of December 29, 1997 the reporting period runs 7 ½ years (7 years plus 180 days) from the date (month and year) of the last delinquency (known as “last missed payment:).
Ignore those other answers, they pop up every now and then.

Comment from R m
Time July 23, 2009 at 2:18 pm

Please know that just because an item is charged-off on your credit does not mean that it is simply forgotten. Some companies will still charge you interest and other fees after they have written the debt off. Terrible but true.

Comment from angel e
Time July 23, 2009 at 4:03 pm

go to creditreport.com,www.IdentityGuard.com, FreeTripleCreditReport.com or http://www.FreeCreditReport.com
after the 7 year mark is expired to get recent scores.

Comment from Baby Taylor Madison born 083108
Time July 23, 2009 at 7:05 pm

My score went up a whole 40 points in 1year after I got one negative item deleted. I’ m now tracking my score with the FICO 30 day free trial. It has an awesome score simulator.