Can a collection comp charge me interest?

Can collection comp. come after you and charge you interest plus principal?

Asked on May 9, 2016 under Bankruptcy Law, Florida


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

If the original debt they were collecting on included interest, such as a loan or, as many commercial invoices do, there was interest on late payments (e.g. 1.5% per month for invoices not paid after 60 days), then yes--in that case they could charge interest, the same way the the original creditor could charge interest.

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