Closed Revolving acct

[Anonymous]

Hey Guys, quick question. Should a closed revolving account still count towards my UTI? The account isnt charged off just closed for further purchases. If it is should i request to have the account reopened?

[Anonymous]

I would advice closing a revolving account with a 0 balance only. If it's closed with a balance. Pay it off asap.

[RobertEG]

The status of an account as opened or closed only determines whether you can contnue to add charges to the account.

It does not affect the inclusion of the current balance in your % util.

Was the account closed by the creditor or upon your request?  Is it currently delinquent?

[Anonymous]

The account is current with 2 late payments over the last year. It was a toolbox I purchased for work. I closed it when I left that job because my new job pays for my tools.

[RonM21]

If it is current, I think it likely does count towards the utilization snd you'll want to pay that, as it can effect not only utilization percentange, but scores.

[Anonymous]

Your right, last month paid 250 towards balance when the Min. payment is 70. Scores went up about 7 points.