I have two credit card accounts that are closed (and have been for about 5 years now) "closed at credit grantors request" Both accts are 5 mos past due & I have been making payments over the phone each month just to keep the accts from charging off. my monthly statements continue to add interest, over limit & late fees.....in fact for the past 5 years the only thing I have been paying are fees & my balance is higher now than 5 years ago.....I can't continue doing this. I want to offer a settlement but can't do 50%, I might be able to do 40%. Someone told me it is possible that the credit card company should not be charging fees after they closed the accounts. Is this true
