New Member
Posts: 2
Registered: ‎07-08-2007

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.
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007

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"
Posts: 14
Registered: ‎07-09-2007

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.

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