QUESTION
I had a doctor's bill turned over to a collections agency, the collection company is charging interest, are they allowed to do this?
Asked on Sep 09th, 2013 on Bankruptcy - Texas
2 ANSWERS
Debt Collection Attorney serving Chicago, IL
Partner at
Edelman, Combs, Latturner & Goodwin, LLC
2 Awards
The answer depends on your agreement with the provider, the rate of interest, whether it was first imposed by the provider or the collector, and whether if the latter notice of the proposed addition of interest was given. An attorney has to review the facts to give a precise answer.
Answered on Sep 10th, 2013 at 11:56 AM
If your agreement with the medical provider allows for interest, the debt collector can collect it. But if not, no. Ask for a copy of the agreement.
Answered on Sep 10th, 2013 at 11:17 AM