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Can debt collectors add more fees after buying your debt?

First publishedJul 30, 14:34 UTC
Last updatedJul 30, 17:58 UTC · 1h ago
11 outletCBS News
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Answer

Debt buyers can collect what you owe, but can they increase the cost of what you owe? Here's what you need to know.

Reported by 1 outlet CBS News. See all sources ↓

{"When a company buys your debt, it becomes the new creditor.","It can try to collect the money you originally owed.","Usually, it cannot add extra charges unless your original contract or state law allows it.","If it does add fees, you have the right to dispute them."}

Why it matters

Knowing your rights helps you avoid paying illegal extra charges and protects your finances.

In brief
Can a debt buyer add any fee they want?
No, they can only add fees that were in the original agreement or allowed by law.
What should you do if you see unexpected fees?
You can ask for proof and dispute the charges with the collector or a consumer agency.
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    Can debt collectors add more fees after buying your debt?

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