Will paying this account improve my credit score (read the details below)?

I had a credit card account that was charged off. After I paid the account my credit report showed the account was "paid or paying as agreed." My main concern is how this will likely effect my FICO credit score. I am aware that lenders look at the FICO score and not the credit report. So will paying this account boost my FICO score despite the 60-120 day late periods?