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When I look at the score factors that myFico reports, one of the items is "The remaining balance on your non-mortgage installment loans is too high." It looks like it's factoring in a past due amount reported on a charge off, which I just paid off. I know that paid charge off counts the same as an unpaid charge-off, but will paying the past due amoutn off help regarding the balances on installment loans?
The link below is a guide to the FICO score reasons
http://www.scoreinfo.org/FICO-Scores/Pages/Score-Factors.aspx
Hope this helps