Retroactive interest allowed?!

Discussion in 'Credit Talk' started by dalton97, Jan 14, 2005.

  1. dalton97

    dalton97 Member

    The CA was assigned our (disputed) bill on April 05 2004 but they are charging interest retroactively to when the bill was generated by the hospital. Is this allowed?!

    And if so, do you have a reference to what law governs their ability to charge interest and how it's computed?

    Thanks for any replies.
     
  2. ontrack

    ontrack Well-Known Member

    What does the original contract with the hospital say?
     
  3. dalton97

    dalton97 Member

    I'll have to get a copy and look.

    If the hospital was not charging interest, and their contract was assigned to the CA with the original amount owing, how can the hospital's contract dictate what a third party collection agency is allowed to collect?
     

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