Adding Fees to Debts Fastfax #8000
Feb 27, 2012
The FDCPA only permits the addition of any interest, services fees, collection costs or other expenses incidental to the original debt if “such amount is expressly authorized by the agreement creating the debt or permitted by law.” Thus, in addition to reviewing the contract which created the debt, a collector must also review relevant state law to determine whether the addition is permitted. This document provides state law on the addition of such amounts to a debt.
Topics and Keywords:
interest; service fees; fee; collection costs; fees; adding fees; expense incidental to debt