Can a debt collector charge more than the amount of the original debt?

The answer to this question is yes. In the state of Oregon, debt collectors may charge more than the amount of the original debt. The additional fees and charges the debt collector may charge are regulated by state and federal law. This means that any fees and charges must comply with applicable laws, including the federal Fair Debt Collection Practices Act (FDCPA). The FDCPA requires that all fees and charges must be reasonable and proportional to the debtor’s financial abilities. It also requires that debt collectors must provide detailed, written statements about any additional fees and charges they impose. This statement must include the amount of fees and charges, the specific services provided, and the deadline for payment. Additionally, debt collectors are only allowed to charge fees and charges that are authorized by the original contract or state law. For instance, if the original contract or state law allows for legal fees, then the debt collector can charge these fees to the debtor. However, if fees or charges are not authorized by the original contract or state law, then the debt collector cannot charge them. In summary, debt collectors in Oregon can charge more than the amount of the original debt, however, these fees and charges must be authorized or allowed by the original contract or state law. Additionally, they must be reasonable and proportional to the debtor’s financial abilities and must be disclosed in a written statement.

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Can a debt collector charge more than the amount of the original debt?

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