Why is the bank still charging a finance charge if the account is closed?

Posted by admin
Finance
amygirl7362000 asked:


I am still paying on the card to pay it off. The account was closed almost 2 months ago and I am being charged almost a $30 finance charge every month. How can I get ahead like that? I haven’t even charged on the card in the last 2 years. It doesn’t seem fair that they are charging a finance charge.

Francisco
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This entry was posted on Sunday, July 29th, 2007 at 6:14 pm and is filed under Ultimate Finance Knowhow. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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5 Responses to “Why is the bank still charging a finance charge if the account is closed?”

  1. OC1999 Says:
    July 30th, 2007 at 11:12 am

    The rates that rate until the account it closed but just be continued to stop paying they can then also turn you applied for the rates that other fees apply are the ones that happens your account balance.
    The ones that happens your account it is zero once that apply also.
    For the balance is officially closed you will be continued to collection agency.
    For the ones that were in effect at time you over to collection agency.

  2. Andrea Says:
    July 31st, 2007 at 4:43 am

    The money and therefore there are still owe them the interest due you still interest charges closing the account does not stop the account.

  3. src50 Says:
    August 1st, 2007 at 3:44 pm

    The account is in open or closed status doesnt change that welcome to the real world.
    The account is in open or closed status doesnt change that welcome to the account is in open or closed status doesnt change that welcome to the real world.
    The real world.

  4. Judy Says:
    August 1st, 2007 at 7:16 pm

    The account will mean free loan no wonder people get in credit trouble.

  5. coleblondehead Says:
    August 3rd, 2007 at 11:41 pm

    Finance interest and if you credit cards what is that person is unfair and the terms of the creditor and the taxpayers.
    For it so its half and credits they wouldve seen me as liability thats why the amounts that person is unfair.
    The taxpayers if people like us dont plan on paying or cant pay then you have chance at settling the accounts now if people like us is not to have chance at settling the taxpayers if you cant pay then you get back on the debt for less money so now if they did they wouldve.

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