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BofA cancelled me


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I have a negative TL from Verizon. Discussed here:


BofA did an account review and cancelled my card, but there is a balance of $8000 on it. How will this be reported? A revolving or an installment? I figure an installment, because it is no longer revolving. They say they will report it as a closed revolving account with a balance. If they do, how will this hurt my utilization? When I get the negative tradeline deleted, will they reopen the card? If not, is there another company that will give me a high CL card to transfer the balance to? My old FICO (without Verizon) is around 690.

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