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Charge off accounts

simplegirl
Valued Contributor

Charge off accounts

Do charge off accounts factor into utilization? According to my reports I’m using 114% of revolving utilization but I have no open revolving cards or anything open except student loans and I know those don’t count. 

My closed cards still showing a balance are: Capital One $444 credit Limit $300 which I paid yesterday, Discover $1165 credit Limit $500 currently on a payment plan, and Wells Fargo $92 credit Limit $800 so they kept the deposit which bought it down to the $92.








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2 REPLIES 2
gdale6
Moderator

Re: Charge off accounts

Yup
Message 2 of 3
FireMedic1
Super Contributor

Re: Charge off accounts

Now that was the longest reply in MyFICO history @gdale6! LOL! Yes OP. Pay them down like they were still open and you'll get back some points once paid. Good Luck!


@gdale6 wrote:
Yup

 

Message 3 of 3
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