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Question on closing cards

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Anonymous
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Question on closing cards

My friend had a question on his card so I thought you guys would know best. How will closing a credit card with a balance affect his credit score? He pays the balance due each month. How will this affect the utilization %? He said his balance was about $1200 and I didnt get his FICOs.
thanks again as always!
Message 1 of 3
2 REPLIES 2
Anonymous
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Re: Question on closing cards

Any advice? Please help out.
you guys are the best!
Message 2 of 3
Anonymous
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Re: Question on closing cards

Does the closed card still report a CL?
 
If so, then it continues to count in utilization.  If not, then it doesn't.
 
 
Message 3 of 3
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