charge offs..tax credits...legal?
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Posted by catb
(4.14.166.70) on July 08, 2004 at 15:13:20:
ok,,a OC charges off a account..takes the tax break..and then still owns it and tries to collect. exactly how much profit can this allow??? this is legal? arent they profiting twice? mine are now 16 months old..cap1 still owns them..yet they already got the write off. is this a loophole? seems wrong to me. all the CO does is stop the late fees. nothing else. any ideas? views? thoughts? thanks in advance for your time..:)
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