Ocwen Federal Bank

Discussion in 'Credit Talk' started by davidpyle, Aug 5, 2003.

  1. davidpyle

    davidpyle Active Member

    Just a quick question to anyone who may know...about 8 years ago I had a visa with first union, it got charged off and not paid for a while got sent to Ocwen and I have been making small token payments for a while (it is not anywhere on my reports)...I talked to them today, and figured out they were charging me interest on the balance. Can a collection agency charge interest on a charged off account? Just curious Thanks
     
  2. lbrown59

    lbrown59 Well-Known Member

    If it was in the orig. agreement yes
     

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