Hello - my second post here - I am starting on the journey and need help from all you wonderful people! My last payment to Citi was 10/02. The balance at that time was $1,350 and I never received another statement. On 2/03 I received first letter from CA and the balance went up $55. In 08/03 a different CA sent a letter, they added interest of $28 and two months later, added $60 more in interest! All 3 CRA's are listing the balance as $1,680! Can they add this interest and where the heck are they getting the $1,680 from! What do I do with this? Thank you in advance!
-Because a "charge off" does not mean the account is closed, the interest can still accure. -There is obviously a question of what the "amount" of the debt is though. As in where is this "extra" fees/interest. -Sending a dispute letter to the credit reporting agency disputing the "amount" and "Status" of the debt might clear it up, and may result in the deletion of the entry.
Thank you Hiding. I will approach it that way. Does it make much of a difference whether you dispute it online or by mail?
BTW, it just occured to me that through all this reading on credit boards, (my head is swimming!) that they (Citi) were obligated to send you a statement if they are adding charges. ???
in THEORY is does not make a difference mail or online. BUT, PAPER is much better if it went to court etc.
