Comments on: Past Due Payments And Closed Credit Card Accounts

By: ryan walker

ryan walker — Wed, 10 Mar 2010 16:36:50 +0000

I had 2 credit card account with capital one that were 120 past due in 2004. I closed them at that time. I just discovered that they are still open with “Paid or paying as agreed” with 0 balance. I just closed them again was this a good move? When will these negative accounts be taken off my credit report?

I also have numerous accounts on my report that are still open – “Pays account as agreed”, 0 balance.. Is this good or bad – and should/how do you remove them if bad?

Should I remove Cards like these :” PAID ACCOUNT / ZERO BALANCE –
ACCOUNT CLOSED BY CREDIT GRANTOR ” – “Pays account as agreed $1,000″. How?

By: Curtis

Curtis — Sun, 14 Feb 2010 05:46:18 +0000

Should I make the minimum payment on a credit card account that is closed and pay more on the open accounts? Does it matter in terms of my FICO score?

Thanks in advance.

By: Cathie Goltra

Cathie Goltra — Fri, 29 Jan 2010 16:25:20 +0000

My credit card company (Citibank), closed my credit card account. I had been paying on time and sometimes more than the minimum payment each month for about a year. However, my credit in other areas was not so good and we barely avoided a mortgage foreclosure.

Now that the account is closed and there is still a balance owing, is there any way to negotiate an interest reduction or does it “hurt” my credit score more if I don’t pay it at all?

I loved the company that I had the card through and my ultimate request would be to ask them to reconsider, but I don’t think that’s an option at this point.

Do you have any suggestions? By the way, our credit is on the way to improving going forward as we are in a much better financial position then we were 6 months ago.

Thank you!

By: Brandi

Brandi — Sat, 22 Nov 2008 04:26:38 +0000

Hi,

I’m a college student and my credit card debt got a bit out of hand…I have two cards that have been past due for about 3 months each: a discover card @ $961.99 the interest rate is 29.9% and a Capital One @ $1,085.33 the interest rate is 17.3%…I’m not employeed and have been looking. I’m in school in tallahassee and the job market here is garbage just like the rest of the country. But I really want to pay off my debt in january when i receive my fin aid which will be $2,540.86 after tuition and rent for 7 months are paid. My question is what should I do till January to not let them become any later?