Thread: Charge-off balance vs. past due

Now please relay to me once more, but why after a creditor charges off an account, can they continue to collect interest and late fees on it, turning ones paltry little charge-off into a past due account in the thousands? Is this really legal for the creditor to do and why? Is there any law someone can quote? I've been told they can and I've been told they can't. I just want to be straightened out once and for all. Thanks!

they can... read through the agreement that you sign. You are responsible for collection fee's. This is what it is under.

When they sell your account to someone like asset acceptance, they are allowed to do whatever they want. Its their rules now and their money since they bought the account