Legal Question in Credit and Debt Law in Maryland
Hello, I live in Maryland. I defaulted on a $5000.00 credit card balance. It was sold to a collection agency and they added fees, now it is almost 12000.00, is it legal for the collection agency to add all of those fees? And they keep adding.
Asked on 4/18/12, 9:25 am
1 Answer from Attorneys
Brett Weiss
The Weiss Law Group
Assuming that the credit card agreement allows for the imposition of collection fees and costs (as well as interest, late fees, overlimit fees, etc.), and the fees are reasonable, it is legal.
Answered on 4/18/12, 10:17 am