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LIGHTNIN
Posts: 4,066
Registered: ‎03-24-2008
Re: Auto charge off keeps increasing

Creditdreamer wrote:
They absolutely can unfortunately. I had a Citi acct that went from 5500 to 7500. They can even continue interest once a payment arrangement has been set up but they usually don't as long as it's a fairly quick payoff payment arrangement.

+1,   On your auto loan contract will state the interest they can charge. Also check you state laws for the maximum interest they can charge.

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