Will Interest Charges Continue to Accumulate?
Most creditors charge fees and interest until the account is written
off (typically 120 – 210 days). However, once the account
is in written off and is in collections, many creditors simply put
a halt to charging further interest: it just escalates the debt
for no good reason, unless the creditor is thinking of legal action.
For those who continue to add interest, arbitrators take that into
account when negotiating, so it shouldn’t be of any great
concern to the debtor.
K & G Debt & Credit Professionals care about your situation and want to help.
For more information on our Debt Settlement Program? Contact us today, see how we can
help you Eliminate Your Debt with our Debt Settlement Plan!
