Paid CO Chase

[corymcd88]

Will paying of a CO help my score any? It is 3.4' years old. I have a BOA 123 cash and I want  Better Balance Rewards master charge, will paying it off help me out?

[09Lexie]

Paid/unpaid its scored the same. It would be best to get a PFD

[myjourney]

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@09Lexie wrote:
Paid/unpaid its scored the same. It would be best to get a PFD

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+1 correct

[LS2982]

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@corymcd88 wrote:

Will paying of a CO help my score any? It is 3.4' years old. I have a BOA 123 cash and I want  Better Balance Rewards master charge, will paying it off help me out?

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Wouldn't help score but may help on a denial recon that it is paid.

[FinStar]

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@LS2982 wrote:

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@corymcd88 wrote:

Will paying of a CO help my score any? It is 3.4' years old. I have a BOA 123 cash and I want  Better Balance Rewards master charge, will paying it off help me out?

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Wouldn't help score but may help on a denial recon that it is paid.

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+1

AFAIK, Chase can be usually iffy with PFDs though - it depends on the loss.

[sjt]

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@09Lexie wrote:
Paid/unpaid its scored the same. It would be best to get a PFD

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Isnt a collection balance factored in your utilization and if you pay off the collection it would decrease your utilization ratio.

[enharu]

What lexie and LS said is true. Paying it will help in various ways, though your score will remain the same.

Chase might also not blacklist you if you pay it off.

[corymcd88]

Does chase black list?

[enharu]

Yes they do. Most prime lenders do as well. Chase, citi and American Express are also known to have longer memories and less forgiving as well. Overall, its going to be a YMMV situation.