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Closing Credit One

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texasguppie
Regular Contributor

Closing Credit One

I have two (I know...don’t say it) Credit One cards that will be paid in full and CLOSED this week.
Their combined CL is $1850.
Any ideas on how big of a hit my scores will take and for how long?
I really don’t care as I’m happy to say adios to these cards.
1 REPLY 1
BallBounces
Valued Contributor

Re: Closing Credit One

To give an accurate answer, we would need to know your overall utility, and perhap the percentage of cards you have that carry a balance, as that is all that will impact your score in the near term.

 

That being said ... based on your profile sig it will have minimal effect unless your UTL is above 30% already.....

050719:     
021924:     


FICO 08 scores listed and are stagnated until multiple derogatory items expire over the next two years.
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