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AH gotcha. Thanks for sharing all of that detailed info. Going to read your link now!
Thanks for the great information. So if I paid these these two accounts off that reference 'Number of accounts with delinquency', would I get any kind of boost to my scores?
If I had to guess, the gains would be very significant.
Thanks again. I just assume that from reading around these boards, paying off a CO would not do anything for the scores?
Paying off a CO like a loan, utility, phone, etc. could very well have zero impact on your FICO. There's a slight chance for a decrease depending on when the TL last updated.
Paying off a CC CO like a CC, LOC, or HELOC can improve your FICO a great deal if the CC still is being factored into util. So, paying a maxed out CC can greatly improve util and remove an account from reporting over the limit. DW was over 300% util on a CapOne CC. After multiple PFD attempts, CapOne sold the debt and they updated to $0. Insta-score increase by over 30.
I see, well look's like the two CO's I have are not affecting my util. at this time. So paying off other items first will be my goal.
Thanks for your help