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Closed credit card accounts with a balance

New Visitor

Closed credit card accounts with a balance

Closed credit card accounts with a balance - would it help my score to reopen the accounts?
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1 REPLY
Regular Contributor

Re: Closed credit card accounts with a balance

It's possible, as it could bring down your overall utilization.  Since the account is closed, there is no available credit, hence your utilization  [because you still have a balance] is 100%.
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