Closing Accounts - myFICO® Forums - 3418409

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Does closing accounts only affect your score if it makes your utility increase, or does just closing make your score drop??

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3 REPLIES 3

Only affects util. The cl will no longer be calculated in total util. Stays on report 10yrs after closing.

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Closing your accounts will cause your utility to dip a bit. Make sure you have a nice cushion with your other credit limits to avoid a drop in score.

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@04Cobra wrote:
Closing your accounts will cause your utility to dip a bit. Make sure you have a nice cushion with your other credit limits to avoid a drop in score.

I keep less than 5% utility at all times, pay my balances multiple times a month, so I should be good.

Thank you.

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