Legal Question in Business Law in California

Max intrest rates

What is the mamxium amout an credit collection agency is allowed to charge? and what can I do if a company is charging to much? a company in california is charging about 50%. I have paided the amount stated more than 3 years ago and they will not remove it from my credit report until I pay 500.00 in intrest on a 1200.00--name removed--


Asked on 2/20/04, 5:06 am

1 Answer from Attorneys
Larry Rothman Larry Rothman & Associates

Re: Max intrest rates

You may have a case against it under the Fair Debt Collection Act as well as the Fair Credit Reporting Act. We would have to review all of your documentation and judgment (if there was one) in order to advise you. Please call our office at 714 363 0220.

Read more
Answered on 2/20/04, 10:28 am


Related Questions & Answers

More Business Law questions and answers in California