- February 9, 2012 at 12:25 am #242889dealpalKeymaster
Hi, I’m finally down to my last stubborn baddie. I’ve been trying for years to get this one removed, with no luck.*
Hopefully, someone can help me with my question. Is there a law to how much interest can be added to a collection account? I thought I returned an old movie in Nov 2006, but the video store says they never received it so they sent it to collections. When they first start reporting it, the amount owed said $224, now it’s $460! 3 months ago it was $391. Can they just keep adding to the amount, whatever they want? Maybe a dumb question, just curious. I’m in California by the way.
Original Creditor: All the Best Video
Date opened: 12-06
Account status: Open
Terms: 1 month
Monthly payment: $0
Credit limit/Original amt: $277
Recent balance: $460
Status details: acct is schedule to continue on record til Jan 2013
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