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The debt collector im workimg with is charging me interest at 8% annum and they also reguse to send me statements of any kind. I agreed to a 12 momth paent plan at $204/month, based on my calculations this is going to take lomger than 12 months? Im mainly focused on being charged interest on medical debt though as far as ig that is right?
They can charge interest on the debt. 8% is a typical rate based upon current collection practices. I don't like the fact that they won't give you something in writing that says whether or not the $204 per month payments include the interest or not. You certainly want to get something in writing once you pay it off showing the debt is satisfied.
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