2007-06-06 04:03:11 · 13 answers · asked by Sam T 1 in Business & Finance ➔ Credit
Yes, you can close the account so that it can no longer be used but, you are still responsible for the balance.
It will look better if you just shred the credit cards and act as though the account is closed until you pay the balance off and then request that the account be closed.
Either way is smart, just do what works for you.
2007-06-06 04:08:01 · answer #1 · answered by Mee-Maw 5 · 2⤊ 0⤋
YES YOU CAN!!!!! It may depend on the card company but you can close a credit card so you can't use it, of course you still owe the balance. I have personally done it 3 times with separate card companies
2007-06-06 04:10:16 · answer #2 · answered by K.C. 5 · 2⤊ 0⤋
Sure you can close the account but you still are obligated to pay the balance as per your agreement and terms
2007-06-06 04:05:53 · answer #3 · answered by itsmyopinionsothere 7 · 2⤊ 0⤋
Yes you can! All these people answering "No" are clueless.
What you are actually doing is closing the account to new purchases. There will be no new annual fees assessed either.
But you will still owe the balance, plus interest, and any late fees that might accrue.
2007-06-06 04:05:27 · answer #4 · answered by kja63 7 · 2⤊ 0⤋
You can close it, but you still have to pay the balance.
2007-06-06 06:13:13 · answer #5 · answered by zippythejessi 7 · 0⤊ 0⤋
Of coruse you can. You are still responsible for the balance that is left over.
2007-06-06 10:53:15 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes, you still need to pay the minimum payment when it comes due or make other arrangements with the lender.
2007-06-06 04:07:36 · answer #7 · answered by Easygo 2 · 1⤊ 0⤋
No you will not be allowed to cancel a card that has an outstanding balance on it.
2007-06-06 04:05:40 · answer #8 · answered by Michelle 2 · 0⤊ 4⤋
no, u have to pay it off first, then close it
2007-06-06 04:44:32 · answer #9 · answered by shorty21 5 · 0⤊ 0⤋
Nope, I wish.
2007-06-06 04:04:36 · answer #10 · answered by eireland 2 · 0⤊ 4⤋