Congrats! Yes paying off those CO's lowered your util and there's your gain in points. Once you get your cards paid down to AZEO or less than 8.99%. You'll see another bump. Way to go and get back on track with your credit. How much more in gains will be hard to say. But do let us know how it works out. Awesome!
I didn't realize that an auto loan would have an affect on utilization. That's good to know!
Also want to note that I started my rebuild journey 6 months ago with a 540 fico 8. Worked hard to get a couple collections to PFD and finally got every one of them to agree. Paid off 21k on that charged off auto and just waiting for these last 2 baddies to show paid (CO CC) and be deleted (collection). Now over a 700 fico 8 across the board!
I'm saying this for 1, I'm proud as **bleep** of myself and staying on it, working extremely hard and staying on top of every correspondence with every company. Also wanted to point out to anyone starting the credit rebuild process that if ya work hard and follow a lot of the advice on this forum, it can be done. I'm now seeing the light at the end of the tunnel and I cant wait until it's all green pastures!!!
You should be proud. You worked hard at improving your score. Why not be proud of the work you put into that? A jump from the mid-500s to over 700 is a great score increase for a 6 month time frame and definitely something to be proud of.