I have an account which went into collection in March 2006. I contacted the company to set up a payment arrangement (after their refusal in prior years) in October 2009. I have paid, as agreed, monthly since then.
However, I am being charged 9% interest DAILY. Is this action legal under the new credit card laws? The company entered a judgment against me in March 2007.
Learn how debt collection laws can help you! This website does not provide legal advice. All information is for educational purposes only. Copyright 2007 - 2018 by Mary Reed and Gerri Detweiler. All rights reserved.
Disclosure: We may receive compensation for marketing some of the services mentioned on this site. Above all though, our goal is to recommend products and services we believe can help our readers. You can learn more here.