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Can creditor continue to charge interest after charge-off, forever?
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Posted by stressed out
(24.93.94.109) on July 15, 2002 at 13:12:39:
I thought the whole point was that they are writing it off as uncollectable on their books. How can they continue to charge interest on a debt that they are saying cannot be recovered (in order to get a tax savings from the IRS of course)?
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