Can a debt collector add interest or additional charges to my debt?

In Florida, debt collectors are allowed to add interest and other fees to a debt. When a debt collector purchases debt from the original creditor, the debt collector is entitled to recover the amount of the original debt plus any additional charges or fees applicable to the debt. This means that when a debt collector is trying to collect a debt from you, they may add interest and other charges to the total amount they are requesting from you. The interest and additional fees that a debt collector can add to your debt will depend on the type of debt and the laws and regulations governing that type of debt. Under the Fair Debt Collection Practices Act, a debt collector is not allowed to collect any interest, fees, or other charges that exceed the amount allowed by the original creditor or the state law. Additionally, a debt collector is not permitted to charge interest or fees that were not disclosed in the original contract between the original creditor and the debtor. Because the laws in Florida concerning debt collection can be complex, it is important to research and understand the specifics in order to protect yourself. If you believe that a debt collector has added interest or additional charges to your debt that you do not agree with, you can dispute the charges and seek the assistance of a consumer protection attorney.

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Can a debt collector add interest or additional charges to my debt?

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