Close or be closed?

[princesstooth]

Discover has been balance chasing me and now they want to close my account.  They gave me a 30 day notice stating they are going to close.  Should I close the account before they close it on their own?  Would letting them close look bad on my credit?  I have a very thick file. No lates, no collections on my credit.

Thanks for advice.

[dragontears]

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@princesstooth wrote:

Discover has been balance chasing me and now they want to close my account.  They gave me a 30 day notice stating they are going to close.  Should I close the account before they close it on their own?  Would letting them close look bad on my credit?  I have a very thick file. No lates, no collections on my credit.

Thanks for advice.

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Score wise, there is no difference 

Some people think that it "looks better" on manual review but I have never had it mentioned during mortgage applications nor have I ever heard of someone being denied credit due to having accounts closed by creditor on their reports so I don't personally buy that theory. 

[RSX]

^^agreed

but since they are giving you the chance/time to do it - i would make sure it is fully paid off - all interest paid off

then ask them to close it

[JR_TX]

I think the question you should be asking why are they balance chasing you?

Does it have something to do with your profile that might trigger a domino effect with your other lenders?

Lenders typically don't balance chase just for minimal to no usage.

[AverageJoesCredit]

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@princesstooth wrote:

Discover has been balance chasing me and now they want to close my account.  They gave me a 30 day notice stating they are going to close.  Should I close the account before they close it on their own?  Would letting them close look bad on my credit?  I have a very thick file. No lates, no collections on my credit.

Thanks for advice.

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Doesnt matter,  closed is closed. Since you didnt specify any reason why  you are being  balanced chased nor seemed concerned with it,   i wouldnt put too much thought into its affect via closed by grantor or grantee. There is a bigger issue here but we will  leave that up to you if you would like to discuss.