Fees on Collection Accounts?

by Jerry
(Oklahoma City)

Can the person that placed the debt add fees to the balance to cover the cost of collecting it?

Reply from DebtCollectionAnswers.com:

The amount of fees that can be added to a collection account will depend on both state law, and/or the contract for the debt. If you think the fees are excessive, you'll need to consult a consumer law attorney to find out if they are legal. Keep in mind, though, that once an account goes to collection it can often be negotiated for less than the full balance.

Please be sure to at least read the first chapter of our ebook
Debt Collection Answers online for free so you have an understanding of how to deal with this collector.

Comments for Fees on Collection Accounts?

Click here to add your own comments

Aug 30, 2011
Generally, you are responsible for collection fees!
by: Anonymous

It depends on if you signed a contract indicating that you are responsible for collection fees, attorney fees, etc, when you don't pay for the product or service that you benefited from.

Click here to add your own comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2016 by Mary Reed and Gerri Detweiler.
All rights reserved.