Senior Contributor
Posts: 3,259
Registered: ‎09-26-2011
Re: Should I close these cards.....struggling to understand utilization...PLEASE help???

Missy_Bell wrote:

What about closing the secured NFCU account and applying that $500 to the balance owed on the larger account. Shoul I do that or not??

 



I would.

 

If you no longer need the secured card, get that money back and use it to reduce your balance on the other card.  Your logic is perfect!  Smiley Happy

Current Scores: EX08: 628, TU08: 641, EQ08: Something similar. 05/02/16. Last App: 05/01/16.

Zero percent financing is where the devil lives...