I just received a 1099C for cancellation of debt on an American Express CO which I paid a settlement on, and I knew that was coming, but I also received a new statement -- the first issued in several years -- asking that I pay the remaining balance by the 23rd. And they've even charged an additional $38 in interest.
It seems to me this would be illegal, but I'd like to ask the experts to weigh in. Should I file a complaint with the Consumer Financial Protection Bureau or something? This seems very shady to me.
Any input would be appreciated. Thanks.
EX 695, EQ 703, TU 681 (1/17)
I received the 1099 in the mail. I assume the IRS did as well. It was issued by the OC. And I made the settlement agreement with the OC and paid them directly.
+1 They wrote that off their taxes, that means they got credit for it as a loss. They can't do that and collect too.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
That's what I thought. Thank you for your responses.