Frequent Contributor
Posts: 311
Registered: ‎07-08-2012
Re: Transfer Closed CC Balances or Let Them Ride?

If the closed accounts are reporting their old limits and current balances, then these accounts are actually most likely helping your score and you shouldn't transfer them. In this case, the limit and balance would both be counted in your utilization. If you transferred the entire balances, then the limit on the closed accounts would no longer be counted, but the balance would, which would hurt your utilization.



07/29/12: EX FICO (Amex) 684 | EQ MyFICO 631 | TU Walmart 695
Current: EX FICO (MyFICO) 733 | EQ (MyFICO) 683 | TU (Walmart) 745

First Goal: 700+ across the board - Got it on EX & TU!!!