MY UTILIZATION IS 171% WHAT TO DO?

[FREEMASON8040]

Lets start by me saying thank you to all you guys. If it wasn't for the great advice that was given to me I

wouldn't be doing anything about my credit.

Now to the problem well I check equifax credit report and it said my utilization is 171%

I have these items on my credit:

Charge off Hsbc $1900

Judgment Capital One $563

Charge Off Citi $2100 (this was not my account my account I was a authorize user I called citi told me I have to fax them a letter for it wont report on my credit)

Capital One Secured $200

Capital One Cash Reward $300(my mothers account, IM a authorize user)

So my question how in the world would I bring that Utilization percentage down?

[injustifiiable]

Are those chargeoffs reporting a balance?

[FREEMASON8040]

Yes. Citi, Capital One and Hsbc All report a balance.

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@injustifiiable wrote:

Are those chargeoffs reporting a balance?

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[llecs]

I'd save up and pay off the COs. You'll see a decent score boost off of that. 

For Citi, if the "Responsibility" field says "Authorized User", then I'd dispute it. The account isn't yours.

[MarcinXP]

Agreed with above. The only way to see a boost and lower util is either to pay off your COs to show 0 balance or try PFD or get a huge secured credit card to offset the util %, however if you have money to get a secured credit card with say $10k limit then you better off paying the COs anyway...otherwise your util will always be affected until the COs fall off or are sold to a CA and report a $0 balance.

[RobertEG]

Ditto on the charge-off.  And for reasons in addition to the reduction in % util.....

The CO also has the potential to be assigned or sold to a debt collector, thus resulting in the additional reporting of a collection.

If still within SOL, legal action could be taken, thus potentially adding a judgment.

The CO has the potential to get worse.

How old is the judgment?  Is it still within its enforceability period?

After securing a judgment, the judgment creditor can then take action to enforce the judgment, such as by attachment of wages.

[DaveSignal]

Or get a low interest loan from the freemasons and use that to fix your credit.  Then work on giving back to the brotherhood.