cancel
Showing results for 
Search instead for 
Did you mean: 

Increasing balance in a closed account????

New Member

Increasing balance in a closed account????

Hi all,
I am hoping somebody can help me out with my issue:
 
When I was a  student 7 years ago, I had a Capital One card with a 500$ credit line.I had a hard time paying them back so it went to my credit report as delinquent which I understand.I closed that account years ago and yetl the balance keep increasing by 13 $ every 15th of the month.Shouldn't that account be wiped out of my credit after 7 years?
How do I get them to stop those charges.Thanks for your help.
Message 1 of 3
2 REPLIES
Moderator Emeritus

Re: Increasing balance in a closed account????

it's all about the DOFD -
Look for the scheduled removal date on your Credit report.
 
I am guessing it is marked "Closed Charge off"
 
 
Message 2 of 3
Highlighted
Member

Re: Increasing balance in a closed account????

I have had the same problem with Cap One. My has been in collections for quite some times and my varies between $12 and $14 per month. My orignal charged off amount was only $900. Now its up to $1519. I can't wait to pay them off.
 
I can't tell if its the CA or Cap One that is doing it. PS. Don't answer the phone if they call they are very rude.

Starting Score: 530 TU FAKO
Current Score: 530 TU FAKO
Goal Score: 600+


Take the myFICO Fitness Challenge
Message 3 of 3