In most cases the answer is yes, the credit card company can charge interest and fees after an account has been closed. What, if any, interest and fees could be added to your balance would be dictated be the specifics of your credit card agreement.
Your best bet would to be to pay off the balance of your debt as quickly as possible. When paying it off, be sure that you don’t get hit with “residual interest” for the days in the billing cycle before you paid the balance in full. “Residual interest” is interest that accrues on some accounts from the first day of the billing cycle in which you paid the balance in full until the date that the bank credits your payment.
Visit our debt help page for more information or review your options by beingmatched with a pre-approved debt help provider.
I hope this information helps you Find. Learn & Save.
Best,
Bill
Loading more commentsSince you don't have facebook, please provide us with your location and a valid email address so we can answer it. Without a valid email address,we can't reply. (Go back to login with Facebook)
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
We get a lot of comments! Before commenting, we ask you to do 2 things:
Log in
Like us
Submit your comment!
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
Thank you for your comment. Your comment will be posted shortly.
No Comments