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Hi,
I have a number of closed accounts which have balances on them. Now, I just got a 0% APR (for balance transfers) card and I would like to transfer the balance from the closed accounts onto the new card with the 0% APR offer. How will transferring balances from closed accounts onto this new card affect my credit score?
There are 6 such cards. Among these 3 are reported as closed by the credit granter, and the 3 others have been closed by me. So, please advise me.
balance transfer
Hi Maci,
Yes, you can transfer the balances from the other cards to the card with the 0% APR offer. However, before you can do that you will have to talk to the banks, and request them to reopen the accounts.
However, once you transfer the balances form all these cards to the new one, you should try to make ontime payments. This is going to help you increase your score.
Thanks,
Aaron