There are more pros than cons to paying down debt on a closed credit card -- even if the card was closed by the bank for lack of timely payment on your part.
Average card APR climbs to record high of 15.74 percent: CreditCards.com Weekly Credit Card Rate Report
April 26, 2017: The national average APR for new credit card offers rose to another all-time high this week, according to the CreditCards.com Weekly Credit Card Rate Report
Find out from a credit expert what matters most in your credit report, when your credit score matters the most, what can hurt and what can help you, and everything in between in this credit 101 episode of Charged Up
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