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Paying off a CO

New Member

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.

Message 11 of 13
Valued Contributor

Re: Paying off a CO

If the balance is affecting your utilization, paying it can have a positI've effect.
Scores: about 700 across the board
Total CL: $275k
Message 12 of 13
Highlighted
New Member

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.

Message 13 of 13