To answer what "payment after charge off/collections" means, generally this indicates that the creditor thinks your loan was in default, wrote off the debt because of the delinquency or sent it to a collection department or third party collector, then you satisfied the obligation. It is a negative item on a credit report. If this is not accurate, then you should dispute the entry. I have information in Avvo guides and on my website about getting and correcting your credit reports. You may want to review that information.