Legal Question in Credit and Debt Law in Massachusetts

I entered into an agreement with a credit card company to make monthly payments on a debt and the judgment was granted. I have been making monthly payments since March of 2005. The amount was $4734.00 which was balance owed plus interest and fees when I called in July 2014 to inquire on my balance thinking I was near the end of payments I was told my balance was now $6103.84. I was then told that my monthly payments didn't cover the monthly interest added to the debt. I was never informed that the debt was accumulating interest monthly. I've been paying $40. a month for 9 years paying a total of $4520. and instead of having a balance of $214. I now have a balance of over $6000. Please help me I don't know what I can do now...


Asked on 9/10/14, 7:54 pm

1 Answer from Attorneys
John Skinner, III Associated Attorneys of New England

Please contact my office for additional information on this problem.

We'd need to know who it is your dealing with and review what you have in writing, as well as a timeline of events. We can conduct a no cost no obligation review and if we find unfair or deceptive debt collection practices, we could represent you at no cost to you and fight to obtain up to $1,000 in damages for you under the FDCPA.

Office#603.622.8100

[email protected]

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Answered on 9/11/14, 7:05 am


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