2007-10-28 09:00:08 · 3 answers · asked by Spirited Virgo 4 in Business & Finance ➔ Credit
You can close the account but you can't stop the interest. The only way to avoid it is to pay all of what you owe. Zero balance=zero interest.
2007-10-28 09:10:58 · answer #1 · answered by mil414 4 · 1⤊ 0⤋
The interest, and penalties keep going until they decide to send it in, and then there are usually charges by the collection agency's. In addition your credit gets even worse. Why anyone would want an account to go to collections is beyond me. Why not just come out and say hey I never want to be able to buy anything on credit again, No car, nothing. Call them make arrangements and just pay the darn thing, you charged up the money.
2007-10-28 16:07:21 · answer #2 · answered by Pengy 7 · 0⤊ 0⤋
the interest will still continue.
2007-10-28 16:11:55 · answer #3 · answered by hi91977 3 · 0⤊ 0⤋