Established Member
Posts: 22
Registered: ‎11-21-2008
Cancelation of Debt question

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?