![]() |
| |||||||
"Learn the Secrets I Used to Wipe Away Negative Items on My Credit Report & Raise My Scores Over 200 Points!" Credit Repair Tips - Grab your FREE report (a $77 value!) Just enter your email addresss to the right & it will arrive within seconds! | | |
Credit Forum | Credit Repair Companies | Credit Repair Letters | Remove Bankruptcy | Charge Offs | Remove Collections | Remove Public Records | Remove Foreclosure | Remove Judgement | Late Payments | Remove Tax Lien | Lexington Law | Credit Repair Services | Credit Secrets Bible | Credit Card Debt | Debt Elimination | Getting Out of Debt
![]() |
| | Thread Tools | Display Modes |
| |||
|
When you took out the credit, was there something in your agreement that stated you would have to pay attorney's fees? I had a friend that worked at a collection agency, and they only took a percentage of the original debt.
|
| |||
|
Depending on the contract you signed, yes it is possible.If, in the contract, there is a clause that makes you responsible for collection fees or collection costs, then what ever the attorney bills is what will be added to your debt. Some attorneys can bill you more than a hundred dollars an hour and add whatever expenses they choose to that bill too.Also, they utilize incremental billing. That means that if they work on collecting the debt for just an increment of an hour, they can charge for the whole hour. That is how attorneys get to be so stinking rich.
|
![]() |
| Thread Tools | |
| Display Modes | |
| |
Similar Threads | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Double reporting | danelleo | Credit Repair | 16 | 04-08-2009 02:44 PM |
| Appraisals taking a double hit | chane | Money Management | 0 | 01-26-2009 08:45 AM |
| Can I pay off a debt before the collection agency... | telly-tell | Collection Agencies | 2 | 12-09-2007 07:05 PM |
| A question on debt collection? | matt30 | Collection Agencies | 3 | 05-24-2007 07:47 PM |
| Should I pay debt collection or ignore? | RocketJ50 | Collection Agencies | 4 | 05-09-2007 10:01 PM |