What the heck!! I HATE MBNA!!!!!!!! Ok--to make a long story short. . . 1. Had MBNA account with balance of $5500 went to Wolpoff and Abramson 2. W & A scared us to death (before we found this board)--over 2 year period paid them $3900 towards the debt--MBNA stopped adding new late designations to credit reports although all the old ones remained--tried our darndest to get them deleted off CRs--no luck 3. After we refused to let W & A debit our checking account beginning Nov 2003 , MBNA started the lates up again (suddenly we had 60+ day lates for early 2004) 4. Made last payment to W & A in March 2004--wrote letters (CRRR) of course directly to MBNA trying to settle account & get lates removed--no response at all 5. June 2004 we get a letter forwarded to our new state (job transfer) from a new "attorney" in Ohio (our old state). They say we owe $3700!! 6. We decide to get stupid MBNA off our backs, so we use proceeds from the sale of our house in Ohio to pay them off--law firm says they'll take $3200 (how big of them) 7. We pay the $3200--Now I think I'm ready for nutcase to get the old MBNA lates off the CRs--Neither of the collection agencies has ever reported WRONG--I received this letter in the mail yesterday from MBNA that says, ". . .your account will be reported to the national consumer reporting agencies. . .as a settled account, legally paid in full for less than the full balance. . .Although this account is now closed, other charges may still post to the account, including preauthorized charges and charges that may not require authorization. Please note that any new charges posted to this account will be your responsibility." WTF???!!!??? What does all this mean? How should I proceed with this? Thanks, debtchoked
It's a CC account. If you have set up automatic payments to others so they charge your account (such as AOL, for example) you might still have future charges on this account, even though you have paid it off as of some point. In other words, even though you may close an account, if they don't reject a charge, you will of course owe that amount.
