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Posts: 22

Registered: ‎11-21-2008

Cancelation of Debt question

‎11-12-2012 01:13 PM

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?

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