acct
Date: Mon, 05/10/2010 - 07:31
if your account is already in collection can the agency still be charging over the limit and late fees?
Under Section 808 Unfair Practices of the Fair Debt Collection P
Under Section 808 Unfair Practices of the Fair Debt Collection Practices Act under the Consumer Credit Protection Act, federal law prohibits a debt collector from collecting any amount (including any interest, fees, charge, or expense incidental to the principal obligation) unless such amount is expressly authorized by the agreement creating the debt or permitted by law.
If a debt collection agency owns your account, and you did not expressly enter an agreement to pay interest and fees to that collection agency, than they cannot charge you anymore than what the already existing balance is.
Also check your state laws.
