I had 2 accounts with Merrick Bank. One was a plain account and the other the Hooter's Master Card. They closed both of them saying that I had too many newly opened accounts. Actually I haven't opened any accounts but if they don't want my money i have plenty of other people that do, My question is one of those accounts had a balance that I am unable to pay off before it reports as closed. How will being closed with balance affect my credit score?