Do you think it should be illegal for collection agencies to charge fees?
@working4theweekend (2403)
United States
November 10, 2006 1:09pm CST
Sometimes these fees are really large, even 25% of someone's balance. Should collection agencies be able to charge these? How long (weeks, months, years) should the collection agency wait to take someone to court and charge them fees, if the person doesn't pay up?
1 person likes this
2 responses
@callarse1 (4783)
• United States
17 Jan 09
Generally the original creditor has it in their terms when you sign up so the original creditor can add fees if the account goes to collections. Depending on the agency they could remove it, but the people that I know that work in a collection agency they only charge collection fee for verizon wireless (I guess it's included in the wireless contract? 
). All the other accounts they don't charge (collection fees)...I think it would be crazy! Too bad, right? Cheers!
Pablo
). All the other accounts they don't charge (collection fees)...I think it would be crazy! Too bad, right? Cheers!
Pablo@callarse1 (4783)
• United States
17 Jan 09
Oops, I forgot to mention, according to them no they can't remove the fees...I guess they can try to offer settlement for the account. And no, I don't think it's illegal if the original creditor allows for the fees to be added.
However if fees aren't to be added, then yes I think it's illegal.
Pablo
@srhelmer (7029)
• Beaver Dam, Wisconsin
10 Nov 06
I think it should be illegal. If they charge any fee, it should be to the company they are collecting for.
