Sunday, November 30, 2008

Closing Your Credit Card Account

It is one of the most frustrating feelings in the world. You’re trying to free yourself of your debts. You’re putting more than than and more of your paycheck towards your credit cards. You’re gradually paying them off. Finally, the twenty-four hours gets when you clear the full outstanding balance. The card is finally cleared. A huge weight have been lifted from your shoulders and you can travel to kip at nighttime knowing that you’ve got one less concern in life.

Credit Card Company

Does your credit card company share your joy? Bash they compliment you on taking care of a urgent anxiousness in your life? In fact they make the exact opposite. It’s not really surprising, after all you’re their client and they’re losing your business. But who would have got guessed the lengths they travel to halt you shutting your account. Recently my married woman have been shutting a couple of credit card accounts and when she hard roes out the account and phone calls to state them to fold it, she’s sometimes insisting with them for 10 proceedings that she doesn’t desire the account any longer, she doesn’t need it for emergencies, she doesn’t desire a lower interest rate, and she doesn’t desire any particular offers. She just desires to fold the account.

Our Personal Experience

Bad as that kind of behavior is, it’s not the worst. On one of her credit cards, she had a magazine subscription. She had tried cancelling the subscription but the company involved refused to halt charging her account. So when the clip finally came that she could fold her account she paid them off, paid off all her other bills, and told the credit card company that she wanted to fold her account. After the usual to and fro, they finally agreed to fold her account for her.

Hey! We Cancelled!

Thinking all her accounts were closed we went on a trip. When we returned two calendar months later, two measures were awaiting her from the company. The magazine company had not surprisingly attempted to measure her again. She thought she was free of them by shutting the account they had access to. Well, the card company, without notifying her or conferring with her in any way, simply paid the magazine company, and billed my wife. When we didn’t wage they that they allowed a charge from the magazine company for the adjacent calendar month and added a late payment charge. When we returned she owed over $100 on an account they had confirmed with her they had closed.

We’re still disputing the charges but the underside line is it’s pretty hard to get away the awful clasp of credit card companies.

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