📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

2 year old credit card debt!

A lender I had a credit card with over two years ago has recently got in touch stating I owe them over £100 in iterest charges!!
Once I had cleared the balance of this card I cut it up and never used it again. As I say it was approx 2 years ago.
I have had no previous letters/statements from them to say that there was an outstanding balance.
Where do I stand with this one??

Comments

  • bengal-stripe
    bengal-stripe Posts: 3,354 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    CP81 wrote: »
    Once I had cleared the balance of this card I cut it up and never used it again.

    Did you close the account or did you just stop using it and leave it dormant?

    There might have been 'trailing interest' due, there might have been charges due to a 'Continuous Payment' which you might have set-up and forgot to cancel.

    Contact the CC and ask for an explanation how those interest charges accumulated.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.