My credit card account is closed by the credit grantor on the credit report? Do I continue to pay the remain balance?

Eventhough the credit report doesnot show I still owe this balance. If I stop make payment, does the creditor will sue me? Why the creditor did not let me know the account has closed?

Asked by kevin659 19 months ago Similar questions: credit card account closed grantor report continue pay remain balance Business > Financial Services.

Similar questions: credit card account closed grantor report continue pay remain balance.

3 You bet your bippy--unless you want to make your credit rating worse than it already is! This user has been banned from Askville.

3 You bet your bippy--unless you want to make your credit rating worse than it already is! .

You bet your bippy--unless you want to make your credit rating worse than it already is!

4 Sometimes it takes a while for something like this to appear on your credit report. But as Marshall said, if you stop paying, they'll sick a collection company after you. Just because they closed your account doesn't mean they forgave the debt.

Sometimes it takes a while for something like this to appear on your credit report. But as Marshall said, if you stop paying, they'll sick a collection company after you. Just because they closed your account doesn't mean they forgave the debt.

5 Yep what they said. Frequently credit card companies close accounts for one reason or another ...maybe you went over your limit, maybe you were late a few times, whatever...that just means that you cannot get any further credit from the company, but the balance is still owed and if you do not pay it, they will get a judgment against you and at that time they can garnish bank accounts or your wages ...and if you are buying a home, they can put a lien against your real property ...people get confused about that ...even if they charged off your debt, it is still owed.

Yep what they said. Frequently credit card companies close accounts for one reason or another ...maybe you went over your limit, maybe you were late a few times, whatever...that just means that you cannot get any further credit from the company, but the balance is still owed and if you do not pay it, they will get a judgment against you and at that time they can garnish bank accounts or your wages ...and if you are buying a home, they can put a lien against your real property ...people get confused about that ...even if they charged off your debt, it is still owed.

" "I already got my free credit report where can I pay for one" "My credit card has been closed with a remaining balance I have been paying on. Can they legally keep charging me interes" "When buying something with your Amazon account balance do you still have to put in your credit card number? " "Can a closed credit card with a balance of zero have a credit reversed after 6 months by the credit card company?

" "my bank account closed my account because I was inable to pay an overdraft fee. How badly will this hurt my credit? " "can I cancel a credit card, avoid the new annual fee and continue to pay it off?

" "Credit card has a negative balance?" "i wish to open a new account with a different credit card.

I already got my free credit report where can I pay for one.

My credit card has been closed with a remaining balance I have been paying on. Can they legally keep charging me interes.

My bank account closed my account because I was inable to pay an overdraft fee. How badly will this hurt my credit?

I wish to open a new account with a different credit card.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.