I have one more collection to pay/remove and I'll have all collections removed. I've had 7 collections removed this month so I had quite a large score jump.
I have 3 open credit cards, two are at $0 balances (paid off in February) and one has 30% utilization which I'm working on getting under 9%.
I have a rather biiiiig charge off ($5600 with a $4900 limit, over the limit thanks to late fees & interest)... so if COs do affect the utilization... even if I get all 3 open credit cards paid off, my utilization will still be 100%+, right?
If the CO'd card is reporting a balance and a CL, then, yes it is being factored into your utilization. And yes, you are correct, it would be over 100%.
Darn. It is reporting a CL and balance.
When I started my rebuild, it was killing me early on. Once I paid them and they reported a $0 balance, my score starting moving pretty good.
Unfortunately, it'll be least a year before I can even BEGIN trying to pay them.
Would you mind sharing with me how you got NCO to delete from your CR's?
I have one small bal account with them and don't know what to say to get them to agree.