Submitted by shawalker21 on Sat, 07/17/2010 - 01:06 Forums Credit repair can a company that put you in collection charge you each month because im in collection but the amount i have to pay back keeps going up sdchargers_63 credit I would guess that the fees, %, etc. are making the bill go higher every month. What Collection Agency are you dealing with? And...what's the debt? Log in to post comments Sat, 07/17/2010 - 01:12 Permalink Aaron collection account Hi shawalker, The collection agency can add the fees, and interest charges onto the existing balance. However, the original creditor cannot. They can only report the account as closed. Thanks, Aaron Log in to post comments Sat, 07/17/2010 - 07:24 Permalink cinnamngrl it depends on your state laws Log in to post comments Sat, 07/17/2010 - 13:38 Permalink sdchargers_63 credit It's almost like a 'double-whammy' because they BOTH (the OC and CA) can report this debt to the CB's. Makes your credit score go even lower. Log in to post comments Mon, 07/19/2010 - 01:34 Permalink Log in to post comments
sdchargers_63 credit I would guess that the fees, %, etc. are making the bill go higher every month. What Collection Agency are you dealing with? And...what's the debt? Log in to post comments Sat, 07/17/2010 - 01:12 Permalink
Aaron collection account Hi shawalker, The collection agency can add the fees, and interest charges onto the existing balance. However, the original creditor cannot. They can only report the account as closed. Thanks, Aaron Log in to post comments Sat, 07/17/2010 - 07:24 Permalink
sdchargers_63 credit It's almost like a 'double-whammy' because they BOTH (the OC and CA) can report this debt to the CB's. Makes your credit score go even lower. Log in to post comments Mon, 07/19/2010 - 01:34 Permalink
credit
I would guess that the fees, %, etc. are making the bill go higher every month. What Collection Agency are you dealing with? And...what's the debt?
collection account
Hi shawalker,
The collection agency can add the fees, and interest charges onto the existing balance. However, the original creditor cannot. They can only report the account as closed.
Thanks,
Aaron
it depends on your state laws
credit
It's almost like a 'double-whammy' because they BOTH (the OC and CA) can report this debt to the CB's. Makes your credit score go even lower.