Charged off accounts question!

[Kiara711]

Recently settled 3 Navy accounts on 3/1. I had two charged off credit card accounts ($5800 and $919). And a personal unsecured loan ($904). I also had two 1st premier accounts ($780 and $740) I also settled with them. I'm trying to get an approval for a mortgage. What are the chances  of my score increasing asap! I have two current cards one has a $0 balance and the other $58. I am freaking out because we close on May 2nd and initially we weren't going to add me to the loan but now I'm needed. Please HELP. Current middle score 602.

[FireMedic1]

The next update should reflect the score change. Your aggregate or overall util % just dropped and that will help. The CO as an entry will still ding. But you should see changes for the better. Util %'s moves the needle a lot in 8. Though mortgage scores act differently than regular credit FICO 8's and recover a bit more slowly. Good Luck!