Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
Re: Score Dropped Because Closed Account?
[ Edited ]

SW alerts can be a hit or miss because it grabs the latest score and makes an assumption that the score change was caused by whatever reason they throw out. However, in your case, I think they are spot on. Once you close a CC, then the balance and the CL are forever removed from your CC util. So, if you have any balances reporting whatsoever on any other CCs, then your utilization increased and score decreased when the account reported as closed. If you pay down your other CC balances you'll find that the score will rebound without any memory of the increased util.


ETA...slow typer disorder affects 10 million people worldwide. I'm one of those.