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The credit card company continues to charge me interest even after they gave it to a collection agency what can i do?
There isn't much you can do, besides pay it. According to most credit card contracts, interest will still accummlate, even if it has been turned over a collector. You can send the collector a dispute letter my certified mail, demanding proof that you owe it, and you can tell them NOT to call you anymore, however this will not relieve you the responsiblity for paying it. You can also offer them a settlement. Let's say you owe them 1,000 dollars. I would decide how much you can pay in one lump sum, which let's say 600 bucks. Always start on the low end, like about 300 hundred or so. Usually they will settle for about 40 -50% of the total balance, so you maybe able to get buy with about 400-500 hundred, but always start out low. If they agree to it, be sure to get it in writing that the debt will be settled, and hold on to that document for 10 years or so, just in case.
What else can I help you with?
Can a collection agency charge interest on a debt?
In some situations interest and accompanying collection fees can be assessed.
Can a collection agency collect late fees interest?
No.
Can a collection agency collect interest on your debt?
Yes, Collection agency can do that. But contact a good collection agency like Guardian Credit Services, they know will how to deal with customers to get money
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
Can a collection agency charge fees or interest in new jersey?
Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the creditor.
Can you be charged interest on medical bills by a collection agency?
Yes, unfortunately a collection agency can charge interest and other fees when they obtain a debt.
Can a collection agency charge interest on a debt?
In some situations interest and accompanying collection fees can be assessed.
Can a collection agency collect late fees interest?
No.
Can a collection agency collect interest on your debt?
Yes, Collection agency can do that. But contact a good collection agency like Guardian Credit Services, they know will how to deal with customers to get money
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
If something has been sent to collection can the collection agency charge you interest?
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.
Can a collection agency increase interest on a charged off account?
Yes.
Can a collection agency add charges and interest to an old debt in Wisconsin?
Of course.
Find out if a collection agency is legitimate?
I recieved a call from a collection agency but not able to find any info on the company. How do I know its legit? Company is Action Collects. Company was very rude with a customer that is willing to pay balance in full.
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 collection agencies take you to the court?
Absolutely they can ! The only reason a person needs to deal with a collection agency, is because they defaulted on payments to the original company. That company passed the account to a debt-recovery agency, who paid the sum YOU owe to the original company. If you simply refuse to pay the collection agency, they have the legal right to take you to court to recover the debt !
If Company A sends your acct to a collection agency but you decide to pay off Company A do you still owe the collection agency money?
Nope. Advise the collection agencey that this was settled with the original creditor. You may have to provide them with a copy of a canceled check or money order. You can also have the creditor call the agency. Some will, some won't.
