Okay, so I have a Barclaycard partnered with Apple that is now closed (couldn't afford to make the $270 a month minimum payments at the time)... This is a card I had a few years back that was my main card for financing purchaes. I didn't have the knowledge and care to utilize about points programs and all that like I do now.
The problem with the card is it has a $6,400 balance still, and the interest rate is something like 23.24%. My credit score isn't anything to cheer about either, somewhere around 600. Are there any cards out there that I can apply and do a balance transfer to so I can both pay the debt down faster AND do it with either a 0% interest rate or a much lower interest rate overall?
Is that card reporting closed with the balance on your CRAs? You may have a heard time with your scores getting a good limit on a new card and one that will offer a 0% balance transfer offer overall. You may way to think about a loan or line of credit with a credit union..I would look online at credit pulls to see the average approved scores...Best of Luck!
You are indeed correct, it's reporting as closed.
|Total Credit: $240,100||Credit Utilization: 1%||AAoA: 5 years, 7 months||Installments: Car Lease, Marcus Loan||Negatives: 0|