CC charge-offs & Interest

Discussion in 'Credit Talk' started by frioguy, Apr 22, 2006.

  1. frioguy

    frioguy Well-Known Member

    if a CC goes into default and then gets Charged Off. Can the CC company keep charging continued Interest.??

    I have a CC COff in dispute.Close by grantor
    Pay status; Cahrge-Off as bad debt.
    Account ype; Revolving Account.

    Loan type. Credit Card
    Remarks; Profit and loss Write Off.

    It would seem to me that if a Charge off acurred by any company that they would not be allowed to keeping adding Int on an account since they most likely used the write-off on Tax statements.Or are they allowed to write-off the added int on next years taxes and so on.
    Anybody here Know how that works?

    frioguy
     

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