credit card nightmare

I don't understand. Why is a "nightmare" for the card company to want the card not to be used for a bit before they will close your account. What losses can you cut that change by you cutting up the card so you can no longer use it and cancelling the account at a later date?

Just mark the date on your calender and give them a call in 60 days.

pathetic excuse , you can cancel by far most of it straight away.

Nope, Bert didn't actually say any of that.....

Yep, but when you want shut its a pain. Aoan company can give a settkement fig thts applicable for a couple of weeks, why not with a card ?

In message , uknewsfan wrote

With a loan company they know the current outstanding dept.

With a card you may have continued to spend and not necessarily with a trader that is connected electronically. Some (small) traders may only present their paper records at the end of month.

I would imagine it is because a loan is fixed so it is either paid or not while a credit card is an open line of credit that you could still be using even though you have asked for it to be cancelled.

At 17:36:39 on 30/03/2007, uknewsfan delighted uk.finance by announcing:

Yes. The account will remain on their system for at least a year or so. There's absolutely no reason for them not to cancel it, however (as opposed to closing it).

I have found that even when the card is expired, they still accept charges against it.

Then there is the difference between 'the card', 'the account', 'cancelled' and 'closed'. Most people want to know they can forget about it, but that is almost impossible with the way CC cos operate.

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Ask for a settlement figure. By law they must give you one.

Is that so ? None has volunteered that, despite my direct request !

At 19:56:39 on 02/04/2007, uknewsfan delighted uk.finance by announcing:

I believe that only applies to loans. It's not possible for a CC company to give you a settlement figure since they have no idea what charges may subsequently appear on the account.

Surely they can but ,if charges are made then you have scuppered it yourself ?

At 21:52:33 on 03/04/2007, uknewsfan delighted uk.finance by announcing:

How can they tell you how much to pay to settle the account unless they can be sure it's the amount needed to settle the account?