Paying a CO account and credit utilization?

I can't seem to search correctly to find my answer, bit of back story:I am young and stupid and thought things would dissappear... Awful excuse I know, until I go to apply for a student loan with a cosigner and am denied because original borrower -->me  was too low. So began the process.. Im not too horrible but have let one account spiral to a 4k charged off debt, lost hope and closed my eyes.Charged off for 5 months and continuously repeating CO. No CA on official experian report but have recieved calls myself and once from husbands aunt who says some girl called me looking for you. Made arrangements to pay debt completely off within three weeks (2700 initial payment and 1300 this week) Why I didnt do this sooner (a valid excuse this time) I had a car accident the month account became delinquent (couldnt work) and after recieving settlement from lawyer a few weeks before I finally had the funds.   SO my question, Because the debt is continuously being reported on a closed account but a CO by original creditor, no CA activity shown exvept few soft pulls, does this balance of 4k continue to hurt my overall credit utilization? My reasoning is yes because it is still credit utilized but not credit available (since it is closed). I have maintained ~$0 on another account with 5k limit,  Therefore, with this reasoning, my score is so low because I am using 100% if not 110% of my credit every month? I realize there are other factors etc but is this part of the problem? Searching google Ive just seen that paying charged off debt is stupid and you should let it die for 7 years so now Im out of almost third of my settlement...Also sidenote, phone 'check' retrieved by CA was made out to CITI BANK for full funds, not to CA if that helps.  Thank you in advance sorry for the long letter

You're actually smart for settling or paying in full. For one, you avoided a possible judgment from (OC or CA). Two, it will no longer effect your utilization. You will no longer have to worry about calls or CA's haunting you. You did the right thing settling the debt as its recently new.

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