I have a 2 year old CO with Chase (I think actually Providian) appearing on my CR. EX reports as Charge off, but balance of $1526. They reported this thorugh 8/2002.
Just this month, a new TL (and now 2nd) from Chase appears on EX with the same account number, yet balance says $0 and under remarks says: Transferred to another lender or claim purchased. Both TL's say Closed.
Are they allowed to create a 2nd TL like this. It doesn't make sense.
Also, CapitalOne is reporting a Charged off CC account as OPEN and with a balance. Is this right?
Thanks for any replies!
Also, CapitalOne is adding interest to the Charged Off account. Is that legal?
self serving bump....thanks