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Sixvictor

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closed account and date of first delinquency
I closed 4 accounts on 5/09. Informed all of them of lay off and will no longer will be able to pay. Requested to stop charging interest and will no longer use cards. They reported account closed for 10 months. After 10 months they started the first date of first delinquency. After 180 days, sold accounts to collection. Consequently, 3 of the accounts have been removed from my report. But, the collections are using the DOFD. Can they do this?
Also, 1 account reported a $ amount when placed in collection on 4/10 credit report. Then on the 4/12 report, they reported an extra $500 on report. Can the original account charge extra funds after closed and sold to collections and continue to report that extra charge to the CB's?
Thank you for your help....

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You are not getting out of paying these accounts just because of a lay-off.  You still owe on them and are obligated to pay.  Since you have not done so, the accounts are sold to collection agencies who have the right to attempt collection, and to charge interest on the accounts. They can and will charge late fees and will continue reporting this to the credit bureaus until such time as the accounts are paid or the statute of limitations on collections runs out.  You signed a contract when you took out the accounts and are not fulfilling it. 

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