Why?

Discussion in 'Credit Talk' started by fingrrrl, Jun 12, 2001.

  1. fingrrrl

    fingrrrl Well-Known Member

    I'm sure it's legal (or maybe it isn't), but is there a reason why certain credit card companies charge interest to a debt that's already been charged-off? Is this legit? I mean, a charge-off is a write-off from the company's books, so how can they expect to get double or even triple of what you were originally in debt for? Can something like this be disputed with the CRAs or should I go to the creditor directly?
     
  2. GEORGE

    GEORGE Well-Known Member

    THEY WRITE IT OFF...LOSS AGAINST PROFIT...


    I THINK THEY KEEP ADDING INTEREST BECAUSE THEY HOPE THEY WILL EVENTUALLY GET THAT MONEY TOO...EXTRA PROFIT!!!
     

Share This Page