cancel
Showing results for 
Search instead for 
Did you mean: 

Open Sky Secured Credit Card Charge off/Deposit

tag
creditstalker
Frequent Contributor

Open Sky Secured Credit Card Charge off/Deposit

I paid the remaining balance of $162.00 to zero out the account.   I intially put a $300.00 deposit, and wanted to know if I should get that back?  The lady told me NO...

Current FICO 08 as of 06/01/2015 TU 648 EQ 624 EX 602
FICO Mortgage Scores TU 594 EQ 540 EX 642

Message 1 of 2
1 REPLY 1
gdale6
Moderator Emeritus

Re: Open Sky Secured Credit Card Charge off/Deposit


@creditstalker wrote:

I paid the remaining balance of $162.00 to zero out the account.   I intially put a $300.00 deposit, and wanted to know if I should get that back?  The lady told me NO...


When a secured card goes to CO the deposit is applied to the then balance, this is what you owed over and above the security deposit amount so no there is nothing to refund to you.

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.