 |
Can a credit card company still continue to charge interest if the debt has been charged off? |
[Edit] |
Answer
Yes, a "charge off" does not indicate that the debt is no longer valid. The creditor has several options on how to collect monies owed after the account has been charged off.
First answer by Macky. Last edit by Macky. Contributor trust: 3083 [recommend contributor]. Question popularity: 20 [recommend question]
|
Also see on Answers.com
Research your answer: |
Can you answer other
questions about Credit and Debit Cards?
Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Credit > Credit and Debit Cards > Can a credit card company still continue to charge interest if the debt has been charged off?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
Can interest be charged on charge off accounts? Can interest on a debt continue to grow indefinatly? Can credit card company's charge interest on a debt? Can a company stillcharge interest with a charge off? How much interest can be charged on past credit card debt? Can credit card companies charge interest on a charged off debt? Can credit card company's charge interest on a charged off debt? Can a credit card still draw interest if it is considered a charge off? Can credit card company continue interest on deceased person's account? How much interest can a credit card company charge on a defaulted debt? If all you owe on your credit card is interest is interest still charged? Can c credit card company still charge interest after they charge it off in the state of wisconsin? If a collection company buys your credit card debt can they still charge interest?
