Does paying off a closed by grantor card hurt score?

[Anonymous]

I have a credit card that was closed by the bank in March with a utilization of about 90%. I would like to pay it off, but we're in the process of buying a house. If I do pay it off, will it hurt my score? I can't imagine that it would, but I figured I'd double check.

[AverageJoesCredit]

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@Anonymous wrote:

I have a credit card that was closed by the bank in March with a utilization of about 90%. I would like to pay it off, but we're in the process of buying a house. If I do pay it off, will it hurt my score? I can't imagine that it would, but I figured I'd double check.

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I dont think so but id bet it looks nicer seeing $0 than  90%  . Plus you are not seeking credit but paying off your debt. 

[NRB525]

The card is at high utilization. Open or closed, a card at high utilization is hurting score. 

The status of closed, if it is also paid off, does not remove the card from your payment history, until several years, as much as ten years, so it continues to provide payment history. 

Paying down, paying off this card will help score. 
What is your utilization on your other credit cards? How much is owed on this card?

[Anonymous]

Thanks for confirming. This is my highest utilized card (balance $3800 vs $4000 limit). After it's paid off, I'll have a very low utiliation overall.

[NRB525]

Good to hear. That will help your scores a lot.

[pinkandgrey]

Paying down high balances certainly won't hurt--only help.

Congrats on the house!

[Anonymous]

It would be great if you could give us your before and after scores and utilisation on the card once you pay it.

[sjt]

It wont hurt your score, it will help it.

Also, "closed by credit grantor" remarks has no bearing on credit score.