I had a Banana Republic credit card forever. I decided to use it once in April. Never heard from them.
Called them, along with everyone else when I moved in JUly to change my address. Found I had a bill (I had forgotten)... Paid half. Again... No statements. Not one.
Then in March I received something from a collection co for 88.00! I immediatly called them. They confirmed they had my address. When I asked why I never received a bill they said I was mistaken! I asked to speak to someone to a manager. I was transfered to the collection co. I called back several times... Everytime I was transfered to the collection co.
The collection co stated I had better pay (I was going to anyway) or it would go on my credit report. Before I paid I pulled my report... To see they reported me x90 days and it was a charge off! Moreover, my credit score dropped at least 100 points.
No wonder I was being declined for credit! It cost me money everywhere... On other credit cards... At my bank in bounced check fees (I was declined for checking account protection.)
It will be on there for who knows how long. I really can't dispute it... For $88.00!
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