SECURED CC

[ficorenavator]

COULD SOMEONE PLEASE TELL ME IF THERE IS SOMETHING SPECIAL ABOUT PAYING OFF SECURED CC'S?  MOST OF THE POSTS I'VE SEEN ABOUT SECURED CC'S BEING PAID OFF OR ADDED AS A LINE OF CREDIT HAVE POSITIVE IMPACTS OR SIGNIFICANT POINT INCREASE  I HAVE AN OLD BOA SECURED CC THAT IS CLOSED BUT WILL BE PAID OFF IN THE NEXT MONTH OR SO.  HOW WILL THIS IMPACT MY SCORE? BY THE WAY I'VE TRIED TO GW THE LATES BUT NO SUCCESS.

[haulingthescoreup]

It's not the fact that it's a secured card. It's the fact that it's a closed card with a balance.

The balance is being factored into your util, but you no longer have a CL, so that's not being considered. So your util goes up, from having the closed card balance added into your total balance owed, but no CL added into your total CL.