Rebuilding Your Credit

[ktm214]

If my First Premier has a CO of $451 and I pay that $451 in full, will that help with utilization, thus bringing my score up a little?  DOFD was 12/2010.  You know, looking at my CR, that thing was CO after one 60 day late...seems sort of extreme.  Anyway, thank you for any responses.

[guiness56]

Are they reporting both the CL and the balance?

[ktm214]

Yes.  They are reporting the limit of $250 and CO amount of $451.  They still own the debt so it is only them reporting.

[guiness56]

Yes, it is included in utilization.