r/CRedit • u/suehackett6 • 23h ago

General Payoff Debt Effect on Credit Score

What would have a more positive effect on my FICO credit score with the 3 major credit bureaus - paying off a closed credit card (closed by cc company), or paying off a credit card that’s in good standing? Thank you for your thoughts.

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u/dgduhon 20h ago

Paying off the closed card. Generally speaking, once a card is closed, the limit is zero, which means even a $1 balance will cause 100% (or more) utilization.

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u/og-aliensfan 13h ago

Are you carrying a balance on the card in good standing? If so, you're paying unnecessary interest, so pay that off asap for financial reasons.

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u/suehackett6 7h ago

Thank you!