Effects of Paying off a Charge-off in relationship to Utility...

[fixmycred14]

Ooops wrong account.  It was $311 and is still reporting as $311.

[DaBears]

That would be included in your util. best way to get a score bump is to have them suckers deleted if possible. Is the OC still showing a bal on their TL?

[fixmycred14]

Yes, it's Verizon and they report a balance of $311. They have not sold it to a CA so I want to take care of it. It's about 2 years old. They told me they will not delete it. That if I paid it 2 years ago, they would've deleted at that point.

So, will there be a score bump if I pay and they don't delete but it reports $0?

[DaBears]

That should not be included into you util as its not a revolving credit card debt.

[fixmycred14]

So, it won't help unless it's deleted?

[DaBears]

Correct, paying a charge off of that effect wont give you a increase in score unless it is deleted. 

[fishbjc]

I had one collection that was listed under factoring company.  It was deleted and I saw a little bump.  The CA that I paid-in-full, no bumpage.

[fixmycred14]

But what about the original creditor? No bump whatsoever as DaBears suggested unless deleted?

[fishbjc]

No, nothing.  I think the major derogs were too fresh.  Anything that's at 120 or CA  is just badddddddddd. 

Best Buy was sold, but kept the original balance which factored into utilization.  Once I got them to mark -0-.....I was expecting a change, but didn't receive it.

However, still 555-669 in 18 months is pretty good with such big derogs.

[fixmycred14]

Oh ok. Thanks and yes that's awesome.