collection agency adding 3,000.00 to the original debt
Date: Thu, 01/19/2006 - 13:31
I was evicted from my home in 2003 and recently received a letter from a collection agency that is adding 3,000.00 to the original debt because I signed a new lease for 2004. Is this legal?
Bev, On two occasions, a collection agency can add charges to
Bev,
On two occasions, a collection agency can add charges to your debt account. Creditors can authorize the CA to add charges and it will be mentioned in the agreement contract. If you review the loan agreement, this point must be mentioned there. Since you have signed the paper giving your approval, it becomes valid. The rates will be mentioned in the contract.
Also, collection agencies can be authorized to collect permissible charges as per the statutes in each state. Visit your local AG's office and know the permissible charges that collectors can take on the total amount of debt.
Any of the two given situations authorizes the collectors to collect the debt with additional charges.
Credit repairing companies?
Hey
I have been hearing lately about credit repairing companies ande the amount of work they get in their bussiness . One of my cousins is running a credit repair bussines , I have talked to himn about the business but. I need more more information on this so that I can start my own credit repair busines.
Please do sugest your views on this
Sasha
Suggest you find a different business to open. Credit repair bu
Suggest you find a different business to open. Credit repair business often do more harm than good.
