Hello,
I have a cc with BarclayCardUS that is closed, closed by credit grantor. The account has a balance. 2 years ago when I was unemployed for 6 months I couldnt afford any payments. Now, I have been making minimum payments for a year. Since the account is closed I would prefer to settle the debt. Barclay stated that my account is eligible for settlement. Do I have to stop making payments in order to be eligble for a settlement? Does a closed account that has a 74% positive payment history impat my credit? Does this balance count as part of my debt to income ratio and utlilization eventhoug the account is closed?
Current Scores - 637 to 680
Trying to make better decisions but life keeps getting in the way!
