@slowlyclimbing wrote:
Thank you for your detailed answer. That is so helpful.
I did just find that i have one account reporting as "charge off" with a balance of $2101 with a credit limit of 2k....putting my utilization at 105%.
Is that playing a big role on supressing my score as well?
Absolutely it hurts your scores and depending on the mortgage UW, they may likely want that handled one way or another before continuing with the mortgage, as they generally do not like outstanding debts.
The 90d lates will hurt the entire time they are reporting - so 7 years, most likely.
I would start working on the CO.
