Can a debt collector ever increase the amount of a debt?

In Mississippi, a debt collector cannot increase the amount of a debt. Debt collectors may only collect on the actual amount owed, as stated in the original loan documents. If a debt collector attempts to increase the amount owed, this could be in violation of the debt collection laws in Mississippi. If a consumer in Mississippi notices any suspicious activity related to their debt, such as an increase in the amount owed, they can file a complaint with the Mississippi Consumer Protection Division. This will allow the consumer to report any fraudulent activity by a debt collector. When it comes to interest or other fees associated with the original debt, a debt collector may be able to increase the amount owed. However, the debt collector must first notify the consumer in writing of any additional fees associated with the original debt. The creditor must also provide proof that the consumer is indeed liable for the additional charges. Otherwise, a debt collector can never increase the actual amount of a debt. This is illegal in Mississippi and punishable by law. Consumers have the right to challenge any suspicious activity related to their debt and to report any debt collector who attempts to increase the amount owed.

Related FAQs

Can a debt collector contact me if I have a court order protecting me?
Is it illegal for a debt collector to call me repeatedly?
Can a debt collector ever contact me more than once a week?
Can I stop a debt collector from contacting me?
Can a debt collector threaten to sue me if I don’t pay my debt?
Is it illegal for a debt collector to harass me?
Is it legal for a debt collector to claim they are going to take legal action against me?
What can I do if a debt collector violates the Fair Debt Collection Practices Act?
Can a debt collector garnish my wages without a court order?
What is the Fair Debt Collection Practices Act enforcement process?

Can a debt collector ever increase the amount of a debt?

Related FAQs

Related Blog Posts