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New Member
Brock1970
Posts: 5
Registered: ‎11-12-2012
0

Re: Paying off a CO

Thank you for the philospohical explanation, however, my question is - if I pay off the $700 that was charged off with Charter One Bank for an overdraft account, and they remove the CO from my CR, will it impact my score.

Valued Contributor
madmann26
Posts: 1,458
Registered: ‎08-30-2012
0

Re: Paying off a CO

If the balance is affecting your utilization, paying it can have a positI've effect.

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New Member
Brock1970
Posts: 5
Registered: ‎11-12-2012
0

Re: Paying off a CO

It's only $700, so utilization impact minimal, but fact that there's a CO and Derogatory Account stain on my CR is what I'd like to rid myself of, if there's any score impact.


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