QUESTION
Can you charge interest on a debt purchased?
Asked on Oct 21st, 2014 on Consumer Law - Florida
More details to this question:
I owe a property in TX and they sold the loan to a collection company in Florida. The original debt was 10085.00 now that I am trying to pay it off the company in Florida has charged an additional 4000 for interest. Is that legal?
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
Depends on TX law. As a general rule though, anytime you owe someone money as part of a loan, they will be charging interest. Depending on how the loan was sold, changing WHO you owe does little toaffect HOW MUCH you owe.
Answered on Oct 22nd, 2014 at 7:35 AM
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