ANSWERS: 1
  • The answer depends upon the contract for your initial debt, according to the Federal Trade Commission. If your credit card or loan contract notes that any collection agency pursuing a delinquent debt can add fees to your overdue bill, then they can. However, the FTC notes that a collection agency cannot charge such fees unless your original debt contract specifically permits this.

    Source:

    FTC: Debt Collection FAQs

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy