i had a small debt of $91.33 which is big to me because i am a high school student and i only have a part time job. so my bank is Wells Fargo and i had a debt with them for $91.33 i paid in cash to get that off and clear my name off the credit burou thing and i told them in person to CANCEL my card i do not want to use it anymore...and i also tore up the card and trew it away...now they are charging my overdraft fees and it is back up in the negative place again it is -$59.88 i am getting sick of this but i also need help what should i do?
2007-07-17 17:45:27 · 7 answers · asked by bball17 2 in Business & Finance ➔ Credit
Credit cards do not have overdraft fees. Is this a debit card that withdraws the money from a checking account? If so, you may have charged something before tearing up the card that didn't clear your account until later. You can ask for a statement of charges (or wait until the regular statement comes out, but sooner is better when disputing charges) and verify that you made the charge or dispute that it was not made by you. If it was not made by you, they should remove the charge. You may have to request separately that they remove any overdraft charges if they don't do it along with the other charge.
2007-07-17 17:53:54 · answer #1 · answered by Brian G 6 · 0⤊ 0⤋
Chances are it began with interest charged after your last statement, then grew from there because no payment was made. Do you have to pay an annual fee for the card ? It could be that too. Best to pay it off asap with about $80 or $100 and get them to give you a refund, then write a letter of claim explaining the details and hopefully get more back. You cannot fight them without paying the debt first. $100 now will save you years of grief if it means you don't get a bad credit rating. Even if you have to chalk it up to experience. As mentioned above, cancel in writing, get a receipt of the closed account.
2007-07-17 17:51:45 · answer #2 · answered by =42 6 · 0⤊ 0⤋
When paying off a credit card its wise to request the last statement showing that you paid off and that no new purchased have posted. Also, when requesting an account to be closed, request a confirmation letter stating that per customers request account has been closed and save those letters for you records. Now, there are times that if you have taken out a cash advance, finance charge accumulates from you last statement date to the date of you payment even if in full. In such case, the period of from your last statement to the payoff date hasn't been calcuted and included on your balance owed.
2007-07-21 17:45:02 · answer #3 · answered by V 3 · 0⤊ 0⤋
You probably had interest added after your last statement and if you didn't pay that on time you would have late fees and when the late fees hit your credit limit you will get overlimit fees. Ask for the pay off amount before closing cards. Never carry a balance from one statement to another and most don't charge interest.
2007-07-17 17:51:59 · answer #4 · answered by shipwreck 7 · 0⤊ 0⤋
If I were you I would call them and tell them that you don't want any annual fees on the card. If they don't want to waive the fees, then ask to speak to the supervisor and demand that the fees be waived. Don't take no for an answer. Continue to make the payments and do not close the account. Credit Cards are good as long as you use them for emergencies only.
2007-07-17 17:54:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Did you mail the cash? Need more info. You have to cancel in writing. Always keep a copy with the date mailed. Follow up with a phone call in 3 weeks or so.
2007-07-17 17:48:36 · answer #6 · answered by DrMichael 7 · 1⤊ 0⤋
Did you get a receipt of payment in full? Take it to the bank manager and discuss it with him/her. Don't leave until it is resolved.
Wells Fargo is the worst
2007-07-17 17:49:45 · answer #7 · answered by kys 4 · 0⤊ 0⤋