I have a credit card debt that ended up being a charge off and closed 5years ago. The original amount was somewhere around $1000. This debt has went thru several collection agencys. It is now around 5000 dollars and is being reported as if it is a new account and just happened this year.
My first question, is there any rules governing how much money can be added to the orriginal debt once it has gone bad?
Secondly, can they keep reporting this debt as a new one just because the debt changed hands to a different collection agency?

