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Amount of interest being charged...


jjaaam
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A quick question for you all...

Once an account is charged off is there a set limit on the amount of interest that can accrue until it is taken care of?

Also - will late fees stop?

I'm just wondering if the charge off will stop the 30+% hell I am in right now.

If the laws are state-specific, I live in Michigan.

Anyone know?

Thanks.

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