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.
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.
NO NO NO
A collection agency cannot charge-off an already charged-off account. The reporting of the STATUS of the account AS a charge-off can be reported every time they update with the credit bureaus. The 'date of status' must be the date of the ORIGINAL charge-off.
Usually 180 days after DLA. Be advised a charge off does not indicate that the debt is not valid and subject to collection procedures.
The original creditor is required by law to charge off an account after a 180 day deliquency. In most instances the account is sold to a third party collector. The collection agency will continue collection procedures. If an equitable arrangement cannot be made with the debtor, the collector may refer the account to an attorney who may decide to file a lawsuit.
Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the creditor.
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.
In some situations interest and accompanying collection fees can be assessed.
Provided the account was indeed discharged and the late fees were generated after the discharge, the answer is no.
If there is an outstanding account balance. Closing/canceling the account will not eliminate any fees or penalties that were in the agreement when the account was opened. There might also be an annual charge even though the account has been deactivated.
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.
Banks charge you fees to keep your money and dispense it as requested. But you can avoid those fees with smart use of a savings account. You can open a savings account at any bank, but they will charge you monthly fees to have it. Avoid the fees by opening your account where you already have your checking account. You will probably be able to avoid monthly fees on the savings account and may even be able to have the fees for your checking account waived. If you already have a checking account, all you will need is your account number and your driver's license or state ID card. If you do not have a checking account, the bank may want to see your social security card or birth certificate, as well.
Webster Bank does not charge fees to bank online. They do however charge fees for certain types of bank accounts. Best bet would be to participate in a bank account that was totally free.
NO NO NO
Yes, unfortunately a collection agency can charge interest and other fees when they obtain a debt.
Some fees that Hong Leong Bank may charge its checking customers include monthly account maintenance fees, overdraft fees, returned check fees, and stop payment fees. It is important to refer to the bank's fee schedule or contact their customer service for the most accurate and up-to-date information on fees.
A collection agency cannot charge-off an already charged-off account. The reporting of the STATUS of the account AS a charge-off can be reported every time they update with the credit bureaus. The 'date of status' must be the date of the ORIGINAL charge-off.