@RobertEG wrote:
Since it was not revolving debt, it will not improve your % util.
I would not expect any score increase based on update of the account to show paid.
How old is the DOFD that preceded the charge-off?
It sounds like the CO was retained by the OC and a balance was still reporting. Therefore, the OP's UTIL was being affected, plus the derog appeared to be more "new" due to monthly reporting. This is a situation where settling a CO will show a score increase.
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