0
Usually yes. These terms and interest rates are usually included in the initial documents that you sign at your first visit to the doctor. Even without such disclosures, service providers can collect reasonable costs necessary to collect bills that aren't timely paid.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
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.
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 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.
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 collection agencies charge interest?
Yes, unfortunately they can charge interest and other fees if they have purchased the debt from your original creditor. However, it is always a good possibility to negotiate collections for a fraction of what you owe (including extra 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.
Do travel agents charge fees?
Yes travel agents do charge their fees for work done.
What does a high average collection period indicate?
A high average collection period indicates that a firm is having trouble collecting its outstanding credit, thereby transferring it to their accounts receivables. It could be because of policy - maybe no fees, or the management in charge of collection is not doing their job.
Can you charge collection fees to account?
Yes. It depends on your state. Most states allow up to 30% of the balance. However this depends on the type of debt incurred by the debtor.
