Valued Contributor
Posts: 1,541
Registered: ‎08-30-2012
Re: First Premier CO Settlement Question

Well,

 

The CO balance is being factored into your utilization which kills your score.

 

If they won't PFD, then settle with them and cut your losses with them for good. In the end, the utilization drop will help your score but you'll still have the CO.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
Total credit $185,250; Util 14%
Goal Score: 700 across the board.
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