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.)
Zero percent financing is where the devil lives...