Credit Tips: Can Interest Be Charged on Closed Credit Cards

Posted On: March 1, 2006

Author: guest5555
Posted: Thu Jan 08, 2004 8:19 pm
Post subject: Can Interest Be Charged on Closed Credit Cards

I just want to know if a credit card company can keep charging you interest wants the card has been charged off.

Author: NightStar
Posted: Wed Mar 31, 2004 9:17 am
Post subject: Can Interest Be Charged on Closed Credit Cards

No, they can’t charge interest, late fees, over the limit fees…

But they may have it in their contract to charge collection fees.

Author: ChrisMCA
Posted: Thu Apr 01, 2004 11:51 am
Post subject: Can Interest Be Charged on Closed Credit Cards

Yes, a creditor can charge the annual percentage rate if the account is charged off. If the account goes to a collection agency and is charged off the new creditor can charge fees.