Q: Can a bank/credit union not let you close an account?
Trying to fix my credit, found that Logix was tagging my credit, called to find out info, found out I still have a saving account with them and my credit card got charged off, but that they either don’t or won’t give me any info, like statements or last bill on the credit account, it says it 7 years old on my credit report and I’m in California, and advise/is this legal? Can they keep an account open in my name without my consent?
A: Yes. As long as you still owe the bank or credit union any amount of money they are entitled to keep trying to collect their money--forever. Just because your bank or credit union decides to charge off the financial loss caused by you does not mean that you no longer owe them any money. (Note: If it was that easy to avoid paying our debts everyone would do it.)
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