Re: Transfer Closed CC Balances or Let Them Ride?
10-16-2012 09:15 PM
no, you're utilization will stay the same and in return your score will stay the same.
this is unless your credit cards are reporting the their previous limits or are reporting the current balanace as their limit. if they are doing either one of these your scores would take a hit since your total credit lime would go down but your balances would remain the same which would increase your utilization