Arrow Financial...Not sure what to do

[Anonymous]

Hi, I just received a collection notice from Arrow Financial stating that they just purchased my account from Premier Bank Card.  I pulled my credit report right away and Premier has my status as: Account charged off. $526 written off. $525 past due as of Jan 2008.  The account is past SOL, but I dont need another negative on my report.  My question is why is Arrow stating that the balance is $713.18?  Can their fees be that much, and is that legal?  Is there a website that has the fees a collection agency can charge?  I live in Florida if anyone knows off hand.  The letter from Arrow is dated April 1, 2009 and my credit report was pulled April 7.  Arrow is not reporting and I would like to keep it that way.  Should I DV or just PFD?  Has anyone had any luck with PFD with Arrow?  Thaks

[Anonymous]

If past legal SOL or you can PIF, I would DV before they begin reporting.

Make sure you ask for a copy of the debt or judgment when you DV, this will help you determine how they are getting the balance.

Check your state statutes to determine what can be added.