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Closed Credit Card and Line of Credit With balance


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I have a BofA credit card and a Line of Credit that up until last week had $35K limit and $30K limit.

We closed the credit card and left a balance on there which the said we would just need to pay off over monthly payments.

When they decreased he credit limit it reported $100 over what I owed and looks maxed out but can the credt bureaus use that formula on a closed account?

Max out open cards lower your score big time but do closed maxed out cards?

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I have a BofA credit card and a Line of Credit that up until last week had $35K limit and $30K limit.

We closed the credit card and left a balance on there which the said we would just need to pay off over monthly payments.

When they decreased he credit limit it reported $100 over what I owed and looks maxed out but can the credt bureaus use that formula on a closed account?

Max out open cards lower your score big time but do closed maxed out cards?

 

Yeah, and it's actually worse because once the card is closed its credit limit no longer factors in so your overall utilization (not just on that card) takes a big hit.

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I have a BofA credit card and a Line of Credit that up until last week had $35K limit and $30K limit.

We closed the credit card and left a balance on there which the said we would just need to pay off over monthly payments.

When they decreased he credit limit it reported $100 over what I owed and looks maxed out but can the credt bureaus use that formula on a closed account?

Max out open cards lower your score big time but do closed maxed out cards?

 

Yeah, and it's actually worse because once the card is closed its credit limit no longer factors in so your overall utilization (not just on that card) takes a big hit.

 

I really would have to study this becuase I pulled the credit on 9/14 with the account showing the dli but still open the fico was 707 and today the account shows closed but a 737 very intereting.

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The last post in this topic was posted 4280 days ago. 

 

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