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question on CA charging interest


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Posted by catballou (4.14.160.44) on April 28, 2004 at 23:55:37:

a good question was brought up below.if a account is sold, can the CA add on the same interest as was charged before by the OC? i know the assigned debts can..but i am curious about the other. i have read some on this question, and since , say texas, has interest rate of 12%..but it isnt clear on bought debts..most of them seem to keep on with the 26% etc which was the original from the OC. something about the fine print says..the OC or its assignees can do interest..anyone know? whychat? AVENGER? (i like it capped lol)..ladyinred? anyone else? btw, my CAs have gotten REALLY quiet for some reason...and none have reported on my CRs. still only as charge-offs..OC. hmmmm,.


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