Paying off a charged off, closed account?

[Anonymous]

I don't believe a verizon account will be included in your UTI%. If its updating monthly though, settling it will allow it to start aging and hurting your scores less.

[Dj4Money]

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@RobertEG wrote:

It is not all about credit scoring.

Any unpaid delinquent debt may, if known to others, continue to be a factor in evaluation and denial of credit, even after expirtion of SOL or exclusion from your credit report.

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  Exactly! I want Midland to PFD, they contend they won't do it. Others have reported otherwise. But when it's a luxury to pay them off, I will do so. Right now is not the time.

 Same with First Premier, it's charged-off, no longer updating but still on my report.

[bodybuilder510]

I agree with NormanFH on the utilization. Scores should jump if the accounts are reporting 100% or more in your utilization. As mentioned, unpaid debt will definitely be a factor in all denials. Paid debt will help during recon.