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Closed account with balance question

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Anonymous
Not applicable

Closed account with balance question

I closed a CC before the annual fee hit and I am wondering how this is being calculated in my utilization. Here are the details...

 

 

Message 1 of 6
5 REPLIES 5
trdmlc
New Contributor

Re: Closed account with balance question

If it is a closed account, it will continue to factor into your utilization until the balance reaches zero.  At that point it is no longer considered in util calculations. 

It will continue to play a part in AAoA, for up to 10 years. 

 

I am currently holding a small balance on a closed CC that I'm chipping away at just to help with my util until some past baddies get further into the past.  At that point, I will pay off the balance.


Starting Score LENDER PULLS (02/23/10): 587 (TU) 554 (EQ) 562 (EX)
Current Score LENDER PULLS (07/02/10): 651 (TU) 645 (EQ) 669 (EX)
Goal Score: 700


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Message 2 of 6
llecs
Moderator Emeritus

Re: Closed account with balance question

+1

 

Message 3 of 6
BungalowMo
Senior Contributor

Re: Closed account with balance question

Your annual fee was $620!  Smiley Surprised

BK 7 discharge 06.24.2020 No Fico score at all. Smiley Sad
Message 4 of 6
honeybunnygal
Regular Contributor

Re: Closed account with balance question


@BungalowMo wrote:

Your annual fee was $620!  Smiley Surprised


Wow...eat your heart out, First Premier!

 

I sincerely hope that the $620 was the remaining balance at the time the card was closed...right?!?!?!

Hard work & patience can go a long way!
8/2009 (myFICO): TU - 599, EQ - 656
7/23/2010 (LO pull): TU - 738, EQ - 801, EX - 785
4/12/2012 (myFICO): TU -778, EQ - 791
Message 5 of 6
Anonymous
Not applicable

Re: Closed account with balance question

haha no my AF was $99 i believe and I closed the account before it was applied. $620 was the remaining balance. Also does my "Largest Past Balance" act as the CL making my utilization 62% or is my CL $0 and my utilization 620%?!?

Message 6 of 6
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