GESCAB SORRENTO

Gescab is a charge that is applied when an account is closed before the end of the billing cycle. This charge is typically assessed by credit card companies and other lenders as a way to recoup lost interest and other fees. While the amount of the gescab charge can vary, it is typically a percentage of the account's balance. For example, if an account has a balance of $100 and a gescab charge of 5%, the customer would be responsible for paying $5. In some cases, gescab charges may also be assessed on accounts that are delinquent or have been overlimit. As such, it is important to understand all of the fees associated with an account before closing it.