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Can a collection agency increase interest on a charged off account?
Wiki User
∙ 18y ago
Yes.
Wiki User
∙ 18y ago
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Can a collection agency charge interest of 1030 to a charge off account that has been paid down to 700 from 4514 but you missed two months?
The collection company has probably charged interest sincethe day they received the account. The interest rate can differ from state to state on a charged off account. So yes, they can but that amount is not just for two months. You need to ask for a total breakdown on the account and see if the interest charged is correct.
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.
What is bank account interest?
interest charged to bank accounts
Can a company who bought a charged off account try to collect interest on the account?
Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.
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 account be both charged off and past due?
yes
Bank account debt collection?
I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed
Do you have multiple penal interest on overdue account?
There is only single penal interest to be charged on an overdue account. We can have a separate penalty fee on overdue account when any installment becomes due.
How does settling a charged off account affect your credit?
It shows as a paid collection. Still a negative thing but shows you did settle account.
Determine the amount of interest charged on S Carter's account during the second month S Carter's account?
12.80
If something has been sent to collection can the collection agency charge you interest?
If the original creditor charged interest then the collection agency will continue to accrue interest at either your states legal rate or whatever you agreed to in the original contract until the debt is either paid or sold to another collection agency or placed with an attorneys firm for legal litigation.
