Can a collection agency report my account to a credit reporting agency?
Some agencies do supply information on bills they are collecting to credit reporting agencies. However, they may not threaten to do this unless they are a customer of the reporting agency and actually intend to report your debt. They must also tell whether any dispute has been filed at the time it reports your debt, and they must update your record to show when the debt is paid. 20. Can a collection agency add interest to my bill? Yes. However, the terms and rates depend on the circumstances of your particular account. The collection of any amount (including interest, fee, charge, or expense incidental to the principal obligation) must be expressly authorized by the agreement creating the debt or as permitted by law. An attorney should be able to tell you how much the agency can legally charge you. You are also entitled to an explanation from the collection agency as to how much they are charging you and why. You should ask them by letter to explain it to you in writing. 21. Can a coll
