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Owe on closed card but can pay off.. What is better to do?

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sunshine2
New Member

Owe on closed card but can pay off.. What is better to do?

It was a Honda card.  I owe roughly $400 on it and can pay it off but wonder if I should pay Sam's first?  That was a stupid tax that I have been paying for for a long time.  Wanting to get a 203k loan shortly.  Thanks. 

 

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Revelate
Moderator Emeritus

Re: Owe on closed card but can pay off.. What is better to do?


@sunshine2 wrote:

It was a Honda card.  I owe roughly $400 on it and can pay it off but wonder if I should pay Sam's first?  That was a stupid tax that I have been paying for for a long time.  Wanting to get a 203k loan shortly.  Thanks. 

 


Welcome to the forums!

 

Was hoping to get a better answer than what I'd give; however, I would suggest simply paying the closed tradeline first.  Isn't likely to matter that much from a score perspective, but from an underwriting one a closed account with balance is no bueno and I'd take care of that one first.




        
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Rain77
Frequent Contributor

Re: Owe on closed card but can pay off.. What is better to do?

+1 pay the closed account.  I was denied credit for a balance on a closed account.  



Last HP 8/29/14

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sunshine2
New Member

Re: Owe on closed card but can pay off.. What is better to do?

Appreciate it. I shall do that.  Smiley Happy

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