Legal Question in Credit and Debt Law in California

legal interest

can a creditor ( not a collection agency ) add interest to a debt after it was charged off ? for credit card If so what is the legal rate of interest they they can charge if no contract was signed.

also can a creditor change the date of last activity on credit report to re-age the acct?

thanks


Asked on 3/21/04, 5:11 pm

1 Answer from Attorneys
Larry Rothman Larry Rothman & Associates

Re: legal interest

This depends on the age of the debt. Have you been contacted by letter. Please contact our office for consultation. You may have a claim under the State/Federal Fair Debt Collection Act or Credit Act.

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Answered on 3/21/04, 6:28 pm


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