This is kind of an odd question and forgive me if I sound stupid but I don't really know the answer and was hoping someone would help. I have an old Capital One charge-off from March 1999, in the amount of $1100. Over the past 4 years, this balance has been bloated to more than $2100. I guess maybe I naively assumed that once a company charged something off, and took the loss, that they could only collect for the original amount. Am I wrong in assuming this? I've read and re-read through my original account agreement and I see nothing in it about paying more than the original amount charged-off. Do I have any legal stance on this? I had an American Express charge-off for $800 at the same time and I was only obligated to pay $800, not a penny more or less. PLEASE HELP!
