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.
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.
Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the creditor.
interest charged to bank accounts
Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.
An annual fee is an additional fee that is charged yearly for your account. It is not related to the account spending but rather the convenience of the card itself.
Yes.
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.
Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the creditor.
interest charged to bank accounts
Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.
Yes, unfortunately a collection agency can charge interest and other fees when they obtain a debt.
yes
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
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.
It shows as a paid collection. Still a negative thing but shows you did settle account.
Yes, it is perfectly legal for a debt to be sold and for the debt to continue to accrue interest and penalty charges.
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