Subject: Can I transfer balance from closed accounts
Fri Jul 30, 2010 6:22 am
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.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.