Depends on the credit agreement, but generally interest does not have to stop being calculated.
In some situations interest and accompanying collection fees can be assessed.
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Yes, unfortunately a collection agency can charge interest and other fees when they obtain a debt.
collection of interest is part of cash flow from operating activities and cash inflows or outflows from it is shown in this section.
No.
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The best way to stop a collection agency from contacting you is to write them to stop collecting you. It really is that simple after you write to them they are required by law to stop calling.
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.
If interest is accruing that means there must be arrears. The interest will stop accruing when the arrears are paid off.If interest is accruing that means there must be arrears. The interest will stop accruing when the arrears are paid off.If interest is accruing that means there must be arrears. The interest will stop accruing when the arrears are paid off.If interest is accruing that means there must be arrears. The interest will stop accruing when the arrears are paid off.
Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the creditor.
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