Reply
New Member
Posts: 2
Registered: ‎07-08-2007
0

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
0

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"
 
 
Member
Posts: 14
Registered: ‎07-09-2007
0

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
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.