charge offs and balances

[beanie7132]

If an account has been charged off it should show a $0 balance right? Does this affect my utilization?

[DaBears]

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@beanie7132 wrote:

If an account has been charged off it should show a $0 balance right? Does this affect my utilization?

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only if it was sold to a ca. if it has a bal higher than the credit limit it will affect your util.

[beanie7132]

hmmm... I dont know if it was sold or not. TU shows a balance of 1963.00 and CO - Equifax shows balance of 0.00 and status of 120 days past due - Experian shows balance of 0.00 and Status says Closed Acct transferred to another office. No one else, ie: a CA, has ever contacted me about it.

Ha, none of them actually match up. But you did answer my question - thank you DaBears!

[guiness56]

It does not matter if the balance is higher than the CL.  Any reported balance from the OC is factored into your utilization.

If it was transferred to another lender it should have a 0 balance.