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Tflutterby27

Question about Cap One adding Interest!

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How long can an OC keep adding on interest? Is there any law to this?

I have a Cap One on my credit report with most owed being 166. My balance now is 801. I can't even figure out what kind of interest they are adding on because it isn't like they are even doing it on a monthly basis. It seems like they add on money when ever they feel like it. This is how it is shown on my Experian.

Between 1-2003 and 1-2003 $747

Between 12-2002 and 12-2002 $ 739

Between 7-2002 and 7-2002 $700

Between 5-2002 and 5-2002 $681

Between 3-2002 and 3-2002 $664

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This is all I could find about New Hampshire:

INTEREST RATE that creditor (before and after a judgment) can add to a debt:

Collection Account: 10% Law:336-1 (Title 31)

Judgment: 10% 10% Law:336-1 (Title 31)

Not sure at what rate this is compounded, you might want to look up the law.

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could you tell me where you got this info? Thanks alot for tryig to help!

It is just so weird because they just add interest or whatever it is there adding they don't do it on a consistant basis.

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