False amount of charge off
Date: Mon, 08/18/2008 - 12:57
The creditor has the right to charge late fees, penalties and in
The creditor has the right to charge late fees, penalties and interest. However if you can save your money and work out some sort of reasonable offer with them you can settle with them for around 40%-50 % of what you owe.
[font=Georgia][/font]The form I rec'd was a form 1099-C Cancella
[font=Georgia][/font]The form I rec'd was a form 1099-C Cancellation of Debt. The debt was canceled on 10/28/06 in the amount of 873.54. On my credit report they are now saying charge off of 1129.00. That is false if going by the form 1099-c. Does it matter? Or am I responsible for the 873.54 and can maybe lower the amount?