Credit Cards Closed By Chase. Should I Pay Off Balance Now?

Creditscore18 | Dec 13, 2014 | 1 posts since 2014

My savings and checking were closed by Chase. I just received notice that my 2 credit cards with Chase were closed today. I do have a balance owed on both cards. Should I pay off my balance now in full or let it carry on for a while? How will it effect my credit score?

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Answers

51hh | Dec 13, 2014 | 1,693 posts since 2010

What was the reason for closure? Is there a justification to carry the balance (e.g., 0% BT)?The impact on your FICO score depends on the reason for closure. So, there is no sufficient details to answer your question properly, sorry.

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