Once a derogatory account with a creditor is charged-off, can they legally keep adding interest monthly to the balance? Why do some companies add the interest and others don't? Can someone explain the whole nine yards on this issue? Thanks so much.
if the account was a credit card, you may have agreed to those post charge-off interest charges when you signed the application for the card. If youre not talking about a credit card account, then someone with more knowledge needs to answer this. or you could do a search on 'post charge-off interest charges.' or something along those lines.
