Quote Quoting Mr. Knowitall
View Post
Given that this is a credit card, late fees and interest add up quickly. The fact that you default does not immediately cause the credit card company to close your account, and if they did many months after you missed your first payment the balance could easily be $244 even after the application of the deposit. If you received statements from your credit card after you stopped paying, your answer may be there; if not, look into getting copies.
I looked at the last few bills Portfolio Recovery sent, the card wasn't maxed out at the $200 balance a majority of the $244 was penalties and fees.