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stewarla91

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What to do with my closed credit card balances?
I have three credit cards that were closed for nonpayment at the end of 2012. Of course I did not find out they were closed until January when I had finally improved my financial situation, I got them up to date in January, and I have made payments on all of these accounts every month for the past 7 months.
Now I owe a total of about $3,700 on these accounts that are all closed, but not in collections. 1 has high interest and I owe $3,000, one I owe $400 balance and I'm somehow not paying any interest, and the third one is high interest but only $300 balance. What is the best way to handle these accounts for the sake of my credit score. Should I continue to pay off the debt as I can afford? I am a full time independent worker and student, and this could take another year, or should I settle with them? What will be better for my wounded credit score in the long run? Help?

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Credit cards open or closed?

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It is best to keep accounts open (gives you longer credit history) but to also keep them in good standing. I hope this helps!

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