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Question By
Msfit1139

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I paid off Mcard/Visa accounts but am still being billed monthly interest. Can this stop?
How can I stop monthly interest charges on paid off Mcard/Visa accounts. I read that its good for my credit rating not to close these paid accounts but how can I stop these monthly charges?

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You are confused, interest is not charged if there is no balance. Sometime if you pay off a card in full just prior to the statement date, interest may have not been applied to the amount that you just paid off, so there may be a small amount that comes due shortly after your payment. As already said you may be being billed for card fees, some cards bill this monthly (Credit One does I believe). Do some reading on all of this and DO NOT close any cards as that can damage your credit if you don't have many accounts.

Reply by
Msfit1139

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All of the invoices state that these are interest charges and not fees. How can I stop this?

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Is it interest or is it monthly fee? 

Reply by
Msfit1139

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The invoices each state that these are interest charges & not fees. I paid off these accounts last month. How can I stop this?

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