Collection agencies adding interest to debt
Some of my debts have now been turned over to a collection agency. Can the collection agency add interest to my debt?Yes, the collection agency can add interest to your debt. The Federal Debt Collection Practices Act allows a collector to add interest if your original agreement calls for the addition of interest during collection proceedings or the addition of such interest is allowed under state law. Every state authorizes the collection of such interest.
Naveen J.
Round Rock, TX


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