@Anonymous wrote:I was under the impression that any balance on a closed card is considered 100% UT.
That has happened to some folks, but usually it does not happen.
While I can certainly understand disinterest in a Lender for whatever reasons, leading to simply closing the account. It's not suggested to do so before any balances are paid to zero.
I agree that it's unwise to close an account before it has been paid down to zero.
Obviously if it was AA on their part you haev no control, but to actively close it yourself while having a balance doesn't make sense to me.
Nor to me.
@Anonymous wrote:When I look at experian, it shows my credit limit as $4100 even though account is closed.
it basically sounds like either 1) pay it off in full 2) pay down to 28% or $4100 3) just leave as is and continue to pay down because regardless card appears maxed out.
hopefully a mortgage lender would see my other cards and not be so bothered by this stupid JetBlue Barclays card.
Don't believe me, but your FICO score is losing points because the card is over 30%.
@Anonymous wrote:Just in case anyone cares.
balance on Barclays was 8058/4100 reported. Long story about how that happened. Limit was 8200, have ongoing fraud dispute but I decided to just pay and keep fighting until I get all $ back.
snyways reported balance 2799/4100.
fixo 8 jumped 22 points and experian mortgage score jumped 5 points.
You will get another boost when you get it down to $1148 (28%) or less.