Dang it man!!! (don't think I'm allowed to say something else...) 
“Most people work just hard enough not to get fired and get paid just enough not to quit.”
@Anonymous wrote:I thought that the account I had at 87% was closed. However, in fact it is open. If I pay this card off how much would this increase my credit scrore? 5-10 points?
Or if I pay if down to 25% what would it do? If anything..
I'm trying to make a decision on if I should put the cash toward this card or another one that is at 50%. I need my score to go up. If it's not going to make a big difference in points then I'll just make a normal payment. It is the only card that I have that is maxed out.
Any help would be so much appreciated!
This is with Equifax Transunion and Experian
Balance Credit Limit
Experian - Transunion and Equifax show owing $2,175 and limit is $2,500. total is 87%
Paying it down to 28% is the most important.
@HighAchiever wrote:
@Anonymous wrote:
Total Utilization:
The positive balance on a closed card counts toward your total revolving debt, but the credit limit on that card does not count toward your total credit limit. EXAMPLE: Suppose you have $3000 of debt and $10,000 of total credit limit on your open cards. You also have a closed card with a $4000 balance and a $5000 credit limit. Your total utilization will be ($3000 + $4000) / $10000 = 70%.
Individual Utilization:
Some people think a closed card with a positive balance is treated by FICO as if were maxxed out. (IU = 100%) Other people think it is ignore by FICO (for IU but not Total U). Others still think that maybe some FICO models treat it one way and other FICO models treat it another. I don't think we have consensus.
In my experience, it counts as you've stated towards the total debt and is not figured as a maxed out card, because it is closed. At least that's how it was on my credit report previously.
This thread is so timely as I'm dealing with a similar situation. I just noticed that a charged off account's (last activity between July and Nov. 2012) balance is reflecting on my TU and EX file but not EQ. So I have $797 in total positive debt and a total credit line of $1,750. My EQ is reporting 46% utilization $797/$1750 = 46%. However, my TU and EX is reporting 70% utilization because it is calculating the $797 in positive debt + the $1,139 of the charged off account. If they weren't factoring in the original $1,000 CL then I would be at $797+$1,139/$1,750 = 111% but both TU and EX are reporting me at 70% utilization. Which would be the $1,936/$2,750= $70%.
Can someone tell me if this is accurate based on previous experience on from what you've heard in the forums? The charged off account is set to fall off my reports sometime in June of this year for TU and November of this year for EX. I'm trying to boost my scores but I would rather use the $1,139 to pay down other debt vs, the charged off account.
That appears to be your Debt to Credit percentage! 🤪