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.)
Last app 08/08/2012. App free in 2013!
Current Scores: EX 670 (FCR) TU: 668 (Wally) EQ: Your guess is as good as mine.
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