<prompt> Human: So I had a credit card that was blocked from use due to someone trying to use it. I decided to keep it blocked so it would prohibit it me from using it while I still payed it off but the bank ended up closing down the card and leaving me with the balance due since I never went in to unblock it. I was told that it wasnt going to collection but I would have to pay it off over the phone but is there any point in paying it off? Will it ruin my credit if I dont?The balance is over 500 btwEdit: Thanks everyone for the advice and I will be paying it off asap  <response>: Yes, it will ruin your credit if you dont pay it. So pay it. 