I hoped to repay some charge-offs to lift my rating with credit score utilization. However once I run my Experian report it exhibits 0% credit score utilization
The charge-off is from 2015 and can drop-off mid-2022. They’re from AMEX bank cards.
They have been final up to date mid-2020 and steadiness is $10,000 which they’re keen to accept 40%.
Will it enhance my rating if I pay the charge-offs? I do not need another detrimental entries on my report and only one secured Uncover bank cards that I simply received this month ($500 restrict)
Any enter on this will likely be enormously appreciated.