Re: Closed accounts vs. Open accounts - Which to pay down first?
01-17-2013 08:46 AM
If it were me, I'd pay the open ones first.
Probably does NOT make a difference in scoring, and if it DOES, it'd be to your advantage to pay the open ones first.
(Sometimes when you pay off a closed account, the reported credit limit "chases" the balance down, maxing out your utilization.)
Current Scores: EX 671 (FCR) TU08: 648 Wally (TU08). 08/29/14 Last app 05/29/2014.
Being held hostage in the garden until 01 November 2014.
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