09-16-2011 06:57 AM
Wow! So upset! I closed a card that I had about 1 month ago and they have been charging the monthly service fee every month. $6.00
I still have a balance but how could they do this if the account is closed? So glad I tossed this crappy company.
Thanks for your help in advance.
09-16-2011 07:13 AM
If you've still got a balance, the account is considered active, even though it's closed to new charges. They'll continue charging monthly until you zero out the balance.
Make sure to check again the month after you think you've zeroed it out, though. You may see some residual interest charge (and another monthly fee) after you think you're done with them for good.
Hope this helps!
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO