@Greene718 wrote:
@RobertEG wrote:
You can certainly dispute and have the creditor update the accounnt to show that it is closed.
However, closed accounts will still be included in your % util as long as they continue to report a balance and a credit limit, so updating to closed will only inform others of the already obvious fact that the credtior is no longer permitting you to charge on the card.
Question for you, does closed accounts lower the score? Also does paying on a closed acct help? I have a closed card with synchrony due to late payments and they closed the acct
Closed accounts, by themselves, do not lower your score, as long as they are not charged off. Yes, pay it off. It will be reporting late payments and will eventually turn to a Charge Off if you don't. It will also go against your UTI%.
