Theres a lot more going on in the background. Its hard to tell and give an exact number. Why is EX 609 for one. What baddies do you have?
Thats needs to be settled or PIF. You can have 1% util on your open cards. But then a CO is like a 100% maxed out revolving account. So its a combined aggregate util %. Thats is if it is a revoling account. Then you'll see a bigger bump. But the CO will stay and still ding. What was the DoFD on this CO?
Thats probably why as I asked why EX was your lowest score. Yes get it taken care of. Then it will no longer count against your util%'s. But getting a charge off deleted is next to impossible. Whos the creditor BTW?
@amckee wrote:Current is
634 eq
644 tu
601 exp
cards
disco 145/2000
cap 1 0/400
cap 1 platinum 200/400. (( now zero yet to report )
finger hut. 645/1000. Got a increase to. 1650 not yet reported
Merrick. 1402/1400. { paid to zero not reported yet }
credit one 64/600. (. Paid to zero not yet reported
so all in all. I paid a good chunk off exspexting my uti to go to 8%. Of a rough estimate. How much can i exspexto to see. On fico 8. But mainly wanting my 609 fico 5 to jump up over 620. Will paying it down ge time over the hump ?
The mortgage scores are particularly sensitive to accounts with balances. Lowering your aggregate revolving utilization along with the number of accounts with balances should net you a nice score increase on EQ 5, but no one can really tell you exactly how big of an increase. Getting all accounts to $0 except your Discover would optimize AZEO for you, but you may get a big enough bump with the balances you've already cleared.
They arent known to delete really anything. Theres more to just the CO status. All the lates that led up to it. So GW letters is all you got to work with. Start sending them but dont get you hopes up. Though getting that CO settled and Fingerhut PIF and practice AZEO. It will be really close. Might (said lightly) be able to squeak it out. Good luck and keep us updated.