Does interest still accrue on your balance once you have closed a credit card account?

Answer

Yes, just like any other loan. Late charges, too, if you don't make the payments on time.

Answer

If you close an credit card account with the bill remaining, do you still have to pay for it.

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Can charge offs accrue interest?  What happens to credit card balance after account is closed?  Can a credit card account be closed if it still has a balance?  Can a lwayer's office keep adding interest to a closed account?  You closed your account and paid it off and still have a balance why?  Why do cc companies still charge interest on a closed account with a balance?