interest rate, et al
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Posted by Pat (170.215.214.76) on July 26, 2002 at 16:45:09:
I've been researching my husband's credit card debt and have found the following: Fleet Bank turned it over a collection agceny (NCO Financial)in Jan of 1998. Then 4 days ago we got a summons naming Portfolio Recovery as the Plaintiff and the Cause of Action reads: "defendant executed an agreement wherein Plaintiff agreed to extend credit on a revolving basis which.....was to be paid in monthly installments. There remains due and owing the sum of $2855.97 plus interest of $1763.35 at the agreed rate of 24%, from 10/99" Portfolio never gave us credit and the agreed interest rate with Fleet was 14.5% and I don't know what the date 10/99 refers to. Should I dispute this with them?
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