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Posted in Student Loans
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Construct94

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Charge off account increasing value
I have a student loan that has been charged off to another collection agency and is still increasing debt owed each month? Am I protected for dispute at all?

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Most likely what is happening here is that the debt collection company is charging you interest on the debt. Check your state laws to see if this is legal for them to do in your state. If it is, not sure what to say. If it isn't, contact an FDCPA attorney, many will work for no out of pocket cost to you. FDCPA= fair debt collection practices act, so do some reading on that.

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