topic Credit card question? Re high balance, high util in General Credit Topics

Credit card question? Re high balance, high util

Anonymous — Mon, 18 Jun 2007 13:40:28 GMT

I have two credit cards on my credit report. They are both closed by creditor but are showing as open. My fico score simulator shows that I have a combined revolving balance of 1100.00 It also shows that if I pay down my balances it could imrpove my scores. The only current cc that I have has a low limit, much lower than 1100. Is it figuring in my closed cc's that are showing as open? I know that if I pay them they will still show on my report as paid but not remove them. But will paying them change or improve my score? As fas as I can tell that is making my util much higher than 1-9%.

Re: Credit card question? Re high balance, high util

CreditBob — Mon, 18 Jun 2007 13:48:01 GMT

How can two cc accounts be closed and then also be reported as being open?

Re: Credit card question? Re high balance, high util

Anonymous — Mon, 18 Jun 2007 13:52:19 GMT

@Anonymous wrote:
I have two credit cards on my credit report. They are both closed by creditor but are showing as open. My fico score simulator shows that I have a combined revolving balance of 1100.00 It also shows that if I pay down my balances it could improve my scores. The only current cc that I have has a low limit, much lower than 1100. Is it figuring in my closed cc's that are showing as open? I know that if I pay them they will still show on my report as paid but not remove them. But will paying them change or improve my score? As fas as I can tell that is making my util much higher than 1-9%.

Paying them will improve your score as they are being calculated in your UTL.

Pay these down just like they were still open- as much as you can.
My DW had one of these and paid the heck out of it and then we got them to re-open the account.

Re: Credit card question? Re high balance, high util

Anonymous — Mon, 18 Jun 2007 14:39:09 GMT

Belive me creditbob they do. These 2 cc acounts are being shown as open but they say closed by credit grantor.

Re: Credit card question? Re high balance, high util

Anonymous — Mon, 18 Jun 2007 14:41:23 GMT

If you look on my credit report it is showing both of these cc's in the open section. But if you go further they both say charged off and closed by credit grantor.