LVNV purchase of a contract
Date: Tue, 09/29/2009 - 09:41
If a credit card company sells the bad debt to LVNV does LVNV have legal enforceable right of the entire contract to include addtitonal intest or just the right to collect the debt?
Quote:If a credit card company sells the bad debt to LVNV does L
Quote:
If a credit card company sells the bad debt to LVNV does LVNV have legal enforceable right of the entire contract to include addtitonal intest or just the right to collect the debt? |
No, they can't stack up interest and fees on the account. If they are saying that then send them a DV letter. It'd explain the charges.
The collection agency normally earns a percentage of the amount it collects as its fees.