Nikki
Coconut Creek,#2Consumer Suggestion
Fri, June 08, 2007
I am surprised you were denied your purchase after only paying the card off when you were told to close it. A closed account give you less points on your credit report than an open account (especially an old one) with a zero balance. Sounds like your loan officer was just hoping that paying it off and closing it would give you the score you need. Had it actually been closed, you would have had a lower score. Try a different loan officer.