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Can collection agencies request additional money on interest charges after the debt is paid in full?
Wiki User
Answered 2007-02-26 20:45:57
No, a debt collection company purchases a debt from a creditor. They can try to collect on that debt but may not charge interest on it as they have no contract with you outlining interest charges. If a company is attempting to do that, cite the Fair Debt Collection Practices Act, a federal law, and complain to the Federal trade Commission, which oversees debt collection practices.
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ppi
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