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Ive had the chase freedom card since 2015 amd in 2017 I had some financial difficulties and was put on a program to pay monthly but they closed the account at that time since I had 30 and 90 days lates on it. So Ive been paying it great ever since and now its the only card reporting a higher UTl all other cards are payed off or 1% UTl, I can pay this chase account off now but Iam afraid that since this account is closed once I pay it off and they close it completely my scores will suffer tremendously! This is one of my oldest accounts. Can someone advise? Should I pay off completely or keep making payments on it!? Please advise.
@BmoreBull No it was not charged off just closed by chase and the lates were in 2017 it has been perfect payment ever since, the CL was 3k and the balance on it is 1,400 now.
Update**** My experian report did drop 10 points! Im so mad!!! It updated today with the new balance and lost the points! Anyone know what might've happened? This is what I was afraid of. That was the only update on the report
That screen shot says the account is open, is it still open or once you paid out your plan did they reopen your card? If they reopened you could have a 10 point drop from a few different things associated with that.
@Anonymous yes that is odd that account is actually closed they closed it when I defaulted and put me on a payment plan I paid most of it and left a balance of 73 and this happened.
@Anonymous yes that is odd that account is actually closed they closed it when I defaulted and put me on a payment plan I paid most of it and left a balance of 73 and this happened.
thanks
@BmoreBull wrote:
Was it updating regularly before ? If not and it just updated you might have gotten penalized for that 60 day late being refreshed. I would contact them and see if they have truly reopened the account and are restoring your original balance.
@Moni209 wrote:@BmoreBull No it was not charged off just closed by chase and the lates were in 2017 it has been perfect payment ever since, the CL was 3k and the balance on it is 1,400 now.
i'd imagine since the account is on a current PP it's being regularly updated, albeit "closed". Maybe if it were a CO that'd be the explanation