Interest on Credit Card Charge Offs

Author: guest5555
Posted: Thu Jan 08, 2004 8:19 pm
Post subject: Interest on Credit Card Charge Offs

I just want to know if a credit card company can keep charging you interest wants the card has been charged off.

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Author: NightStar
Posted: Wed Mar 31, 2004 9:17 am
Post subject: Interest on Credit Card Charge Offs

No, they can't charge interest, late fees, over the limit fees...

But they may have it in their contract to charge collection fees.

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Author: ChrisMCA
Posted: Thu Apr 01, 2004 11:51 am
Post subject: Interest on Credit Card Charge Offs

Yes, a creditor can charge the annual percentage rate if the account is charged off. If the account goes to a collection agency and is charged off the new creditor can charge fees.

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