Legal Question in Credit and Debt Law in California
Interest
I received a letter from a debt collector asking for payment of the principle balance. I ignored the letter and just paid the the amount owed plus finance charges to the company I actually owed, since I still continue to do business with them. I then received a letter from the debt collector demanding I still owed them $15.00 for interest. Do I just ignore this? The company I wrote the check to said I was paid in full. Doesn't a judge have to decide if I should pay interest. Doesn't the debt collectors letter have to be sent certified mail for it to be valid?
Asked on 3/31/05, 4:29 pm
1 Answer from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
Re: Interest
It's not worth going to court over $15. Pay 'em.
Answered on 3/31/05, 5:05 pm