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Re: interest on a charged off credit card


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Posted by LadynRed (68.52.95.139) on May 12, 2003 at 21:11:53:

In Reply to: interest on a charged off credit card posted by duke on May 12, 2003 at 17:32:36:

If the last payment was made in 11/96, then this bad boy was charged off in May 97. I'm surprised you're hearing anything at all from Cap1 themselves, this should have been sold to a CA YEARS ago. But as you say, in most states this thing is beyond the SOL. An account in collections CAN still accrue interest per the cc agreement, but the original Cap1 tradeline on your CR should NOT be changing at all. This thing is due to fall of your CR next MAY, and they can't sue you, so you can safely ignore it until it does drop off.


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