A Quick Util ?

[choppa02]

I have a CA on my report for $1,250 I currently have $1,700 in revolving credit, so is my util roughly at 74%? The CA is almost 6yrs old and past sol I offered to settle at 25% but they declined and said they would take no less than 60% should I bite the bullet and pay the 60%? Im in the market for a car loan and I want my scores as high as possible.

[themizlyne]

It is not counted as part of your utilization. Paying it may lower your score when it updates unless you can negotiate a PFD.

[choppa02]

Wow I always thought the balance of a CA was factored into your util... is the same thing true about CO?

[choppa02]

Sorry for the newbie ?'s im trying to learn as much as possible for the veterans on this forum

[themizlyne]

A charge off of a credit card reported by the OC that has a balance reporting does affect utilization.

[choppa02]

Oh okay I see. I paid a CA in full it was only $199 and got a small score increase a week later, I figured it was util going down was the cause, I guess it was something else.