I graduated from college and took my first job. I lost my Job in 8 months and I had my credit card maxed at that time. Limit was $2500.
I had to move to Canada immeditaley on a family emergency and I ended up staying there for four years.
I had intended to pay this credit card debt, but with so much going on, I lost track of this and forgot about it.
I moved back to US in 2006. I got a good job and have been working ever since.
I applied for a credit card recently and was rejected and
then I checked my free credit report to find out about this revolving account from 2001.
I called the collection agency to pay off my card but they informed me that the lender has closed the account.
I haven't called the bank till now. I read on some online sites that I could be jailed or sued . Please advise on what I need to do.
This is an excerpt from my credit report:
Status:
Transferred,closed/Past due 30 days. $2,797 written off.
Date Opened:
06/2001
Date of Status:
04/2005
Reported Since:
06/2001
Last Reported Date:
08/2005
Type:
Installment
Terms:
N/A
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit:
$2,500
High Balance:
$2,797
Recent Balance:
N/A
Recent Payment:
N/A
Account History:
Charge Off as of Mar 2005, Feb 2005, Jan 2005, Dec 2004, Nov 2004, Oct 2004, Sep 2004
30 days as of Aug 2005, Jun 2005, Apr 2005, Mar 2004
Your Statement:
Account closed at consumer's request.
