To pay down open or closed accounts? That is the ?

[Anonymous]

I don't get it.  Are you saying they include your closed account cl

as part of your available credit.  Even though it's closed you can use

it when figuring your utilization?

[MarineVietVet]

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@Anonymous wrote:

I don't get it.  Are you saying they include your closed account cl

as part of your available credit.  Even though it's closed you can use

it when figuring your utilization?

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In some cases yes. It's all explained in Closing Credit Cards.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[Anonymous]

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@MarineVietVet wrote:

---

@Anonymous wrote:

I don't get it.  Are you saying they include your closed account cl

as part of your available credit.  Even though it's closed you can use

it when figuring your utilization?

---

In some cases yes. It's all explained in Closing Credit Cards.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

---

[Anonymous]

Thank you very much everyone!  Such supportive people here, it's wonderful.

Just for clarification, I'm not late, nor have I been late on those closed cards...it's just a matter of them being closed (at my request) while they still had a balance outstanding. 

[HigherFico]

I have a closed account that is over the limit that I have been paying on. When I dded all my balances including that, the sums add up to what is says my revolving credit it. The credit is reporting my current balance and my credit limit-even thought the acct is closed.

[RobertEG]

CL on an account is not the same as available credit.  A closed account still has a recorded CL on the revolving debt before it was closed, but once closed, it is no longer available credit, 

It is past CL that is used, as Marinevet has explained, to calcualte continued  % util in the mysterious world of FICO scoring.

It is a dead CL for your use, but alive for FICO scoring until balance reaches $0, or it is deleted by the OC.

[HigherFico]

I believe that is what I said. Even though my accounts are closed and I am still paying on it, it is still being counted towards my utilization. It is still being reporting in the balance of my revolving accounts therefore affecting my utilization. When I pay that closed account off on Thursday  my utilization numbers will change next month once it reports.

I'm hoping my FICO won't go down since the revolving balance is going down...... I'm going to have my utilization at 9%. Hopefully that will be good number for me.

[ScoreBooster]

9% is still enough. Even 3% would do it..