Re: I just paid my chargeoff (which was about 4 yrs old) two...
11-09-2012 11:59 AM
I think it varies.
If there is a charge off that's reporting against your revolving accounts still with a past due, then it's affecting your uitilization and thus if you pay it off, you take a hit on activity but you still help yourself with utilization.
Since utilization > activity, i think it's a win. But just for that case.
Starting Score: (7/2012) 522
Current Score (Lender Pull 11/1/2013): TU:703 EQ: 683 EX 781
Goal Score (Achieved 5/11/2013): 660
NEW Goal Score: 700
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