Which one would give bigger impact on score?

[Anonymous]

I currently have a maxed out Wells Fargo Fin. (Cash on Demand) Line of Credit that is near $5K, and a Sears MC that has been closed since 2002 that is at about $2600 that I have a one-year no interest deal on and a reduced monthly payment plan.

Anyway, I want to pay one of these off in Feb. when I get my tax refund.  My question is which would be the best to pay off first to get the biggest score impact?

At first I thought the LOC as it's at 19% interest and I'm paying about $73 a month in interest.  I thought if I paid that in full that would really help my utilization.

But then I also read somewhere that closed accounts with balances really hurt your score - so should I just pay off the Sears and put the rest of the money on the Wells Fargo account?

Any thoughts would be great...

[cobra19]

Pay Wells Fargo. Not only will you be paying off the higher interest loan, utilization will be lowered. Anything left over throw at Sears. The Sears is almost 6 years old and is hurting you less than WF. 

[Anonymous]

Great, that's what I'll do.  Thanks for the quick response (and nice scores, I'm jealous! )!