Credit Tips: Can Credit Card Companies Charge Interest After Charge Off?

Posted On: September 1, 2006

Author: guest5555
Posted: Thu Jan 08, 2004 8:19 pm
Post subject: Credit card and Interest

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

Author: NightStar
Posted: Wed Mar 31, 2004 9:17 am
Post subject:

No, they can’t charge interest, late fees, over the limit fees…

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

Author: ChrisMCA
Posted: Thu Apr 01, 2004 11:51 am
Post subject: Charge off fees

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.