collections and interest charged

Discussion in 'Credit Talk' started by Micchelle, Mar 25, 2002.

  1. Micchelle

    Micchelle Member

    When the original amount of a debt is paid off,(not including the interest charged by the CA) can the collection agency continue efforts to collect on the interest alone and still report to the CRA's that the acct. is in collections even though the original amount had been paid?
     
  2. lbrown59

    lbrown59 Well-Known Member

    IF you didn't pay the interest how do you figure that the debt is paid off?
    I don't see why the CA could not report.
    Anyone else care to take a shot?
     

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