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Received a 1099-C for $ 755.00. I reported it on my 2008 taxes. The debt was charged off 5 years ago. The last activity on the account was 05/2002.
Since the Creditor 1099-C this debt, can they keep reporting a balance and a charge off every month?
What can I do about this?
Once an account is charged off it will always show as one, even if it is paid.