Just how bad is this? Account had a $2k limit just paid $300 and now have about $150 balance. When this is paid will score jump or just look better during a manual review?
when a CC account is closed with a bal....the bal works against your total UTIL. The CL of $2000 doesn't count any more BUT the amount that you owe does.
silly34 wrote: Just how bad is this? Account had a $2k limit just paid $300 and now have about $150 balance. When this is paid will score jump or just look better during a manual review?
Yes, this hurts your scores. In your case it's probably not a whole lot since the balance is quite low. A general rule of thumb is to never have a closed account with a balance reporting, especially a revolving one. Pay it and you will be fine.
