Can a Debt Collector Charge Interest on an Old Debt?

By: Robert J. Nahoum THE PROBLEM You’ve been getting phone calls and letters from a debt collector on an old credit card bill. The amount they are trying to collect seems to be a lot more than you thought you owed. What can account for the larger than expected balance? Could it be interest? THE RULES Federal debt collection laws known as the Fair Debt Collection Practices ...Read the full article