Can a debt to a credit card company raise the cost of the debt if its in collections?

I have citi bank card that started off as 2000 dollars in collections. Now it is over 4000 USD. Can they put interest and charges when they put it in collections? They are collecting through Associated Recovery Systems. www.payars.com anyone else have problems about this? Is this legal once its in collections to raise the debt owed?

Can a debt to a credit card company raise the cost of the debt if its in collections?

Yes they can, its called late fees and other applicable fees. I had this problem with captial one but it wasnt my fault, it was an error with the bank account that i used to pay it but anyway, my credit limit was only 200 and now they say i owe like 3000, funny dont you think? Yes they can still charge even when in collections, thats why its best never to let it get that far. Anytime you cant make payment on something always call the creditor and explain to them why you cant pay and im sure they can work something out with you, cause its messing up your credit score when you do nothing

Can a debt to a credit card company raise the cost of the debt if its in collections?

it can still rise with interest if the collection company chooses

Can a debt to a credit card company raise the cost of the debt if its in collections?

it is indeed. In fact if you do nto take care of it in collections it may raise again when it goes to a lawyer. Get a payment option or ask for a settlement before this happens

Can a debt to a credit card company raise the cost of the debt if its in collections?

Yes it%26#039;s legal to add interest, late pay charges and over limit charges once a account goes to collections.

This is all explained in the terms and conditions that you were to read and agree to before you got the card.

You did read it right?

Can a debt to a credit card company raise the cost of the debt if its in collections?

Once it is in collections, the amount can rise exponentially. It is all quite legal.

Can a debt to a credit card company raise the cost of the debt if its in collections?

Sure its legal. The problem is you refusing to repay money you took in the first place, not people trying to collect the money owed to them.

You want to see high penalties? Try cheating on your taxes! The IRS does not like you stealing from the country, and lets you know it. They make collection agencies look like kitty cats.

Can a debt to a credit card company raise the cost of the debt if its in collections?

Yep. They%26#039;re all a bunch of loan sharks. Not only that, but they raise the interest rate to 35%...

Can a debt to a credit card company raise the cost of the debt if its in collections?

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Can a debt to a credit card company raise the cost of the debt if its in collections?

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