Hello Fico experts,
Trying to help a friend but know nothing about calculating amounts owed after CO.
The original debt was 9904.00. It just reported 11000.00 and he got a credit monitor alert to the change that said the debt increased by 1100.00.
Can someone break it down for me as to how they calculated adding 1100.00 to the debt?
OC still owns debt and he is in California where the usuary law is capped at 10%.
Any info is as always , greatly appreciated.