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Can a collection agency charge interest on a debt?
In some situations interest and accompanying collection fees can be assessed.
Can a collection agency charge fees or interest in new jersey?
Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the creditor.
When a credit card account has been charged off can the collection agency charge you additional fees and interest?
It would depend on the state laws that are apply to collection agencies and collection procedures. In many states they can add fees incurred for the collection of a debt and interest on the amount of the debt itself.
Can a collection agency still add interest to a charge off?
Yes, as well as any subsequent legal fees.
Can a collection agency issue a warrant for a payday loan check that went back?
If a Payday Loan company hires a collection agency to collect on your account they can send your account to an attorney to collect the amount of the loan and any NSF fees that you have accumulated. However, it is stated at the bottom of your contract that if you close your checking account that the loan is made from, that you can be charged with fraud.
Can a collection agency charge interest on a debt?
In some situations interest and accompanying collection fees can be assessed.
Can you be charged interest on medical bills by a collection agency?
Yes, unfortunately a collection agency can charge interest and other fees when they obtain a debt.
Can a collection agency charge fees or interest in new jersey?
Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the creditor.
Can a collection agency try to collect on 9 year old bank account fees in California?
NO NO NO
Can a debt collect change amount owed On documents from the debt collector each shows a different amount?
A debt collection agency will add fees and interest so the numbers will change as time goes by.
Can a collection agency in America collect monies outside the jurisdiction for small amounts -such as the annual maintenance fees on a timeshare?
a collection agency can collect where ever they need to. they purchased the debt from the timeshare company (to use your example). what i don't know is if they can impact your credit if for instance you were in the US and the collection agency or timeshare company is out of the country.
When a credit card account has been charged off can the collection agency charge you additional fees and interest?
It would depend on the state laws that are apply to collection agencies and collection procedures. In many states they can add fees incurred for the collection of a debt and interest on the amount of the debt itself.
Can a collection agency still add interest to a charge off?
Yes, as well as any subsequent legal fees.
Can a collection agency charge collection costs?
No they can't it's against the law. However the original creditor is allowed to add collection fees as long as the underlying contract allows for it. For example medical intake forms often allow for interest and collection fees.
Can a collection agency charge you their attorney fees in a garnishment?
Yes, any and all expenses that the lender incurs can be passed to the customer when they are attempting to collect a debt.
Can the original creditor charge the debtor for the collection agency fee?
Read the terms of your debt/loan, credit card or whatever. ou'll likely find that it even states that, as has been held by virtually all courts...You will be entirely responsible for any costs they incur to enforce and collect the full amount of the debt, interest, penalties, legal fees, etc. too. So a small debt for something you bought can grow very large, very quickly. Of course, they may just sell the right to collect to a third party, but the result is basically the same, the costs of collection are borne by you.
Can a collection agency issue a warrant for a payday loan check that went back?
If a Payday Loan company hires a collection agency to collect on your account they can send your account to an attorney to collect the amount of the loan and any NSF fees that you have accumulated. However, it is stated at the bottom of your contract that if you close your checking account that the loan is made from, that you can be charged with fraud.
