Hello, I have a current collection (original amount $697) that the CA is now saying is $1891. Both the original creditor and the CA are showing on my credit report for $697 and $1891 respectively. I have read somewhere that this is illegal but couldn't find anything on my searches. I am all about self learning but am hoping someone can give me some advice on this since I wasn't finding much on the searches I was doing. What steps should I take on this? Validate with the CA and ask for validation of the $697 or the $1891? Then if they don't give full validation, which I'm sure they can't, then dispute with the CRA? Any advice is greatly appreciated.
Validate with the CA and ask for validation of the $697 or the $1891? Ringo41 ================= Neither the $697 or the $1891. ><- <>- ><- <> ~~~ ><- <>- ><- <> ><- <>- ><- <> ~~~ ><- <>- ><- <> Never read the fine print. There ain't no way you're going to like it.
Section 808(1) of the FDCPA. The adding of any fees not allowed by either the contract OR your states law is not allowed. Now, since the OC is also showing the same fees as the CA, then chances are there is a provision in the contract or agreement which may allow interest, or other fees to be added to the account, after default, but the only way to know is to have them validate, and provide full statements to account for the total amount, including any and all fees accessed, and the legality of those fees. If the CA is assigned, then both the CA & the OC can report the same account, in its entirity. If the CA PURCHASED the account, then the OC can report the same account, with a ZERO BALANCE, the CA can report the account in its entirity.
