Cn credit card companies keep charging you even after they closed your account?

Answer 1

There two parts to a credit card, the charging part and the lending part. Either party can stop the charging part, ie close the account, but if there is an outstanding balance you will be charged interest, late fees, overlimit fees, NSF fees, its Tuesday so we charge a fee.....fee, etc.
If the balance is zero and you can not use the card. No, there should not be any fees.

Answer 2

Never close a credit card account until the balance is paid in full. They tend to raise the interest to the max and cut you credit line.

When you have paid the account in full, request the account be closed in writing and request confirmation that the account is closed. Keep these with your important financial papers. It's amazing how closed accounts come back to bite you.

Answer 3

If you owed money on the account at the time it was closed, they can continue charging interest, finance charges, late fees, returned payment (bounced check) fees, etc. This stops only when the account is paid in full.

Answer 4

If the account is closed and paid off there should be no new charges. Call and talk to someone at there office, someone may be using your card.

Answer 5

ok 1st issues 1st, so which you don’t like BOFA, large right for you. How did you handle those human beings once you have been calling to tell them on “their” mistake for the motor vehicle draft you place up? in case you approach those with approach that’s what you get in return. That being stated, the economic business enterprise has to deliver letters out to you in improve purely before elevating your activity fee for something different than previous due will pay, going over the credit line, or dips on your FICO score. if to procure this re-pricing letter it substitute into the two at the same time with your assertion, or it got here in a separate envelope which you missed by some skill. issues like this take place that’s why you're able to learn your statements; the economic business enterprise/ credit employer can’t do it for you. What extra beneficial than possibly got here about is your stability went up the two using fact of a purchase order or annual fee, or the like and it brought about your finance can charge to extend by your minimum fee by the $3, which to them skill you have been previous due when you consider which you didn’t meet your minimum fee. as far as a criminal case, you have no longer have been given any recourse. (Congress is attempting to alter client Lending rules to extra efficient safeguard customers from those circumstances yet no longer something has been signed to regulation) regrettably, you're able to remember BOFA and frivolously clarify what is going on…without the account being open they gained't decrease your default fee. clarify to whoever you attain which you prefer to proceed banking with them, and you pick for them to reopen the account, they might pass you to the credit Dept, if so as that they do a mushy inquiry on your credit record, and if it is an remoted incident of delinquency they could reopen it without further issues, as quickly as its reopened request to speak to Retention to work out of a less costly value is available. If that doesn’t artwork re-touch client provider and request a credit for the previous due expenditures and any activity that has amassed as a effect of the blunders. they are going to be infinitely extra prepared to help if the account is open.

Answer 6

Yes.

Closing the account means that you can't make new charges. They aren't erasing debt that is already on the account and they aren't giving up the right to collect interest on the unpaid balance.

Answer 7

If you owe money, they most certainly can