January 24, 2019 1:39 PM
Not true. To close an account leaves a bad mark on your credit. It doesn’t matter if it is paid off or not. It will read as a “closed” account. If I were you to say your credit, try to make arrangements to make a payment you can afford monthly so that you reduce the bill and can still handle the payment. I’m sure they will work with you. They want your money and you want your good credit. It’s a win win.