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Why Chat--Please help --Finance charges on CC after charge off
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Posted by Holding ON!!
(152.163.252.134) on February 20, 2004 at 17:15:17:
Hi: Can a CA continue to charge Finance charges on a credit card they bought and was charged off by original crditor? I have cc's that were charged off over 4 years ago say at $6000 now at $11,000+++. In other words, is it LEGAL for CA purchaser to keep adding FINANCE CHARGES WITHOUT EVER providing me MONTHLY STATEMENTS and just TACK on and on and on? Thanks much:):)
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