Legal Question in Credit and Debt Law in Minnesota
Debt collection
Can a debt collection agency, collectiong a student loan, add fees as they wish at any amount?
Asked on 3/28/09, 12:01 am
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: Debt collection
No they are strictly limited to amounts provided by contract, usually interest, late fees, attorney fees and of course, principal.
If you feel they have added illegal charges, you may have an action against THEM for violation of the Federal Fair Debt Collection Practices Act.
Call or email for help.
Answered on 3/28/09, 8:07 am