I am Happy with my current credit lines. I am not seeking new credit anytime soon
Am in the process of pruning and allowing time to restore credit score due to past high usage.
But canceled Orchard when I realised I had no reason for it, the annual fee and it's $300 limit anymore.
Am still making payments owe about $95.00 on it.
I am in no hurry to pay it, like I said I do not need credit anytime soon, but am curious at how much more negative owing a balance on a closed account looks.
No sure how often this happens or if the ccc would bother about $95, but there have been posts stating that closed accounts with a balance have been sent to collections or charged off.
If you only owe $95 I would suggest paying it off and being done with it.