Does 9% UTI counts the same for closed CC accounts? Will report go up?

[Anonymous]

I just paid my CC account to 9% UTI.  But the account was closed by the creditor a few months ago.  So I don't actaully have an available balance.  Will my Credit Score still bump up?  I need my EXP to up its at 589.

[llecs]

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nikkij6577 wrote:
I just paid my CC account to 9% UTI.  But the account was closed by the creditor a few months ago.  So I don't actaully have an available balance.  Will my Credit Score still bump up?  I need my EXP to up its at 589.

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Even if closed (w/ no available credit) that TL will continue to factor into utilization (balance / reported CL). So, based on that alone, you'll still get an increase. However, once you pay it off, then it will no longer factor into utilization.

[Anonymous]

I guess you wouldn't happen to know how much I could creep up, would you !

[Zahnrosen]

That would depend on a lot of factors. 9% is pretty good so I doubt you'll see a large increase. Perhaps a few points, 600 would be nice if it happened.

[llecs]

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nikkij6577 wrote:
I guess you wouldn't happen to know how much I could creep up, would you !

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As mentioned, it would depend on a number of factors, like what the balance was before in relation to the balance now on that CC, w/ the assoc. CL. Also depends on your other CCs and the balances they have in relation to the limits. Moreover, CC COs would probably have to be factored in if impacting util.