http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Cancelation-of-Debt-question/m-p/1696130#M217565 <p>In January of last year I receieved a 1099-c Cancelation of debt  for a 2006 charged off Cap ONE CC. However they keep reporting a new balance every month. I spoke with Capitol one and they are telling me it is due to all the interest and charges that have incurred. Can they do this?</p> Mon, 12 Nov 2012 21:13:11 GMT lemers718 2012-11-12T21:13:11Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Cancelation-of-Debt-question/m-p/1696130#M217565 <p>In January of last year I receieved a 1099-c Cancelation of debt  for a 2006 charged off Cap ONE CC. However they keep reporting a new balance every month. I spoke with Capitol one and they are telling me it is due to all the interest and charges that have incurred. Can they do this?</p> Mon, 12 Nov 2012 21:13:11 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Cancelation-of-Debt-question/m-p/1696130#M217565 lemers718 2012-11-12T21:13:11Z