Saturday, December 17, 2011

What will happen if my credit card co. tries to withdraw from a closed bank account?

My bank account has closed but I have a scheduled payment for my credit card tomorrow and it's set to withdraw from the closed account. I've contacted the credit card company asking to change the date but they said they needed more then a 48 hour notice to do so. Could this effect my credit in anyway?|||The transfer will fail.





Since you called them, they should have noted this on your account. Generally credit cards don't report until you are 30 days late so this should not affect your credit. However, you may get socked with late fees and interest. Since you called them, they may waive those if they are in a good mood and you ask nicely.|||From my experience, it will bounce and then you'll have an opportunity to give them the correct account - however the paid date will probably be the date of the second good payment.|||You can pay a credit card bill in other ways. Do that.

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