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Debt Collection – Can a collection agency add interest to my overall debt?

April 26, 2017agency collection debt overall

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Debt Collection – Can a collection agency add interest to my overall debt?

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Yes, The Fair Debt Collection Practices Act (FDCPA) allows a collector to add interest if your original agreement calls for the addition of interest during collection proceedings or the addition of such interest is allowed under state law. Every state authorizes the collection of such interest.