Question about closed CC...

[Laurenlou]

I have a Cap1 card that I closed in Nov 06 when I defaulted on it. At that time, the balance was $1600. Currently, the balance is $3500!!! I defaulted on 4 CC's, and they are the only ones that continued to post outrages fees and finance charges after the accounts were closed. Can they do this?

[Anonymous]

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Laurenlou wrote:

I have a Cap1 card that I closed in Nov 06 when I defaulted on it. At that time, the balance was $1600. Currently, the balance is $3500!!! I defaulted on 4 CC's, and they are the only ones that continued to post outrages fees and finance charges after the accounts were closed. Can they do this?

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Yes, they can do this.  Closing a card does not prevent interest and/or late payment fees from accruing.

[Anonymous]

Unfortunately, they can do this...sometimes I think CCCs actually want people to file BK.