Should the charge off amount from a creditor be about the same as the collection amount? The charge off amount listed on my credit report is around $500... the collection agency amount is over $1000. A statement they sent me in December was maybe $1030. It's $1080 on my report. Can they keep adding on fees?
Depends on the loan agreement, but it's certainly possible for interest, late fees, etc. to keep piling up.
