https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/MY-Credit-Use-Ratio-is-352/m-p/3276408#M82180 <P>A charged-off credit card balance will be considered&nbsp;in all FICO utilization calculations. &nbsp;The credit limit does not count. &nbsp;Any balance owed is significantly detrimental to your score, since you get no benefit from whatever the credit limit was before the card was closed, but will be penalized for your balance. &nbsp;These accounts will stop having effect on your FICO utilization when the balance is $0.</P><P>&nbsp;</P><P>ETA: &nbsp;There should be no further overlimit or late charges from the OC after the account is charged-off.</P> Wed, 23 Jul 2014 23:03:15 GMT DaveSignal 2014-07-23T23:03:15Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/MY-Credit-Use-Ratio-is-352/m-p/3276384#M82178 <P>I have three charge off credit cards that are effecting my "true available credit" &nbsp;My True credit availability is realy only $1,200 but when these three other accounts make it look like I have 6500 in credit. &nbsp;Should these charged off amounts be refelcted in my credit availabiltiy? I am sure 352% usage iss bringing down my score!&nbsp;</P><P>&nbsp;</P><P>Also, those three cards only had limits off 500,500 and 600 respectively, now they are showing large balances which are triple the original limit. &nbsp;I assume this is from late fees, penalties, overlimit's etc.. . But isint there a point where you reach your limit and dont pay and the account is closed that these late and over limit charges are supposed to stop?</P> Wed, 23 Jul 2014 22:52:20 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/MY-Credit-Use-Ratio-is-352/m-p/3276384#M82178 adamkingadam 2014-07-23T22:52:20Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/MY-Credit-Use-Ratio-is-352/m-p/3276408#M82180 <P>A charged-off credit card balance will be considered&nbsp;in all FICO utilization calculations. &nbsp;The credit limit does not count. &nbsp;Any balance owed is significantly detrimental to your score, since you get no benefit from whatever the credit limit was before the card was closed, but will be penalized for your balance. &nbsp;These accounts will stop having effect on your FICO utilization when the balance is $0.</P><P>&nbsp;</P><P>ETA: &nbsp;There should be no further overlimit or late charges from the OC after the account is charged-off.</P> Wed, 23 Jul 2014 23:03:15 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/MY-Credit-Use-Ratio-is-352/m-p/3276408#M82180 DaveSignal 2014-07-23T23:03:15Z