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ReadyForANewHouse

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1 Person Helped
Will Paying this affect my Score?

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4 Contributions
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Well it didn't post my question.

Re-typing.  I finally have my credit score up thanks to the diligent work by my wife.  Latest report is 688 and 704. 

I have a closed Home Depot account (they closed it) with about $915 remaining.  I would like to pay it off, but our loan officer says that it will not help the credit score.  Paying the minimum payment really does nothing against the interest (which is really high). 

So if I pay it off, will it affect my score?  It is and has been current for the last 11 months. 

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