Recent content by Steven4200

I asked them for a statement. On the statement it showed that out of every 200.00$ I sent them 80.00$ went to interest; that is how I came up with that figure. Thank you for your detailed response it helped to shine a little light on situation.

Yeah that’s the issue though, if I send another check I want it to be to principal only so they cant take out 80.00$ in interest. I have no doubt they would be happy to take the check but if I paid double interest in one month that doesn’t seem normal. I cant justify breaking myself to send them...

I live in Phoenix AZ and the collection agency in question is located in Tucson AZ. After I was served, I contacted them and worked out a payment plan to keep things out of court. During the conversation I ask them if it was possible to make a second payment during the month to the principal...