Frequent Contributor
basballguy
Posts: 360
Registered: ‎02-20-2008
Re: I just paid my chargeoff (which was about 4 yrs old) two...

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.