Credit frustration

[w121jld]

I am very frustrated at this time. I have opened 2 cc accounts. I have kept my balances below 9%. I have paid my judgements for deletion, I do have 3 charge off from 3 years ago, but I have made on time payments with my vehicle and personal loan. My credit score will not go near 600. I just don't understand this.

[madmann26]

The judgements need to be vacated. The CO's if unpaid are hurting your utilization.

[w121jld]

I am not sure  that i follow. My credit cards are low. Should i pay the co off?

[Burned2manybridgesB4]

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@w121jld wrote:

I am not sure  that i follow. My credit cards are low. Should i pay the co off?

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Is the co showing a balance, or $0 ?

[w121jld]

One of them does has a balance, but the others do not.

[Burned2manybridgesB4]

The balance will be held against your utilization.

For example, if you owe $1k on a $500 card, you're 200% util, so it's going to take a major punch at your scoring.

*edit: and the COs will hold your score down until they're off your reports.

[w121jld]

Should I pay them off, or try to do a pfd?

[Burned2manybridgesB4]

Give me a list of the COs, their DOFD, balances being reported, and any associated CAs. OCs very rarely do a PFD, but a paid CO is much better in the eyes of a manual UW situation.

[StartingOver10]

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@w121jld wrote:

Should I pay them off, or try to do a pfd?

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PFD