Yes it will. It is factored into your single account util and your aggregate util also. Get it done fast before it does go to collections. Then that will be another blow to your credit. Jump on it quick.
So basically even though the account is closed it is still having the same effect as if it were open? So it would be the same as paying down a high balance credit card. I will get on it, thanks.
Well yes and no. Yes its affecting your utilization percentages and No its not like its open as the CO is being seen as new every month keeping your Fico score depressed. Settle it so it can stop affecting your util and being updated.