Re: Collecting Interest on Charged Off Accounts

Posted by LadynRed (199.91.33.254) on June 30, 2003 at 17:56:17:

In Reply to: Collecting Interest on Charged Off Accounts posted by Financially Challenged on June 30, 2003 at 17:49:32:

The original creditor cannot continue to add anything to a charged-off account, but a collection agency can. Its in your credit card agreement regarding collections, its allowed when they sell it and the rate is MUCH higher than what may have been on the original account.

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