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Re: Once the account is charged off ???


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Posted by catballou (4.14.160.44) on May 18, 2004 at 20:52:39:

In Reply to: Once the account is charged off ??? posted by JerNTN on May 18, 2004 at 18:39:14:

yep. once its CO...it will be reported on your reports as a CO..and go to CAs. complete with the nonsenical 30% interest i have, or whatever your contract said. eventually, to be sold to the scum debt buyers. to your question..none of the above. no late fees..no over limit charges..no state interest. not until its sold can the state come in on the interest. (debatable in court--they will keep the other interest rates) the amount i believe. i have paid 800$ on a 200$ amount and this one im paying off. 3 COs is enuff for me any day. it was the lowest i had and the only one i could pay off. im sorry about crap happening to you and your in the same boat i am. hugs***


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