Good Morning All Again, with the Crap One as y'all call it, I have an old CR from July 2004, and Crap One charged off one of my accounts in 2004, On a recent Nov 2007 CR the balance history is reporting monthly from 2005 up until Nov 2007, and each month this account is accumulating interest. And CrapOne is reporting it charged off as of Nov 2007. Is this legit?? Can they charge this account off, then continue reporting it, then charge it off again 3 years later. Is this another case of re-aging an account?
Are you sure the tradeline is reporting the charge off as Nov 2007, or is it updated as of Nov 2007. Yes they can report the charge off and continue to report the current balance. If they sell the account they must update the tradeline as ''sold to another lender'' or something similar. Interest will continue to accrue until the balance is paid off.
