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Question By
xlmarcusx

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i paid off my credit card that were closed in full, what will that do?

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Helpful to 34 out of 43 people

You may find this article, "How Closing Accounts Affects Your Credit Health" to be helpful: https://www.creditkarma.com/article/closing-accounts-credit-effects

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Closed Accounts

Helpful to 9 out of 12 people

I may be wrong, but according to Suzzie Orman, a closed account does NOT help your credit score. At this point only the collection agencies love you because they got your money. I think its a lost and its best to just start all over.

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Reply by
takeshi74

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Helpful to 5 out of 7 people

A closed account and a collection are not the same thing.

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credit inquiries

Helpful to 6 out of 9 people

If you call a bank to just check their percentage rates on a 30 year refinance, this should Not be a hard inquire for credit right??

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Pay closed card or open card?

Is it better to pay off a closed credit card with a balance or to pay off an open credit card with a 90%+ utilization? 

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Main impact is to revolving utilization.  You can do the math to determine the impact to your revolving utilization.

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