A debt collector is permitted under FDCPA 808(1) to add interest or other amounts to the debt balance provided the original account agreement with the creditor/business specfically authorized such amounts or are otherwise permitted by law. Thus, the debt amount is usually not frozen once the debt becomes delinquent and the account is otherwise closed. What does your original account agreement authorize for continued accrual of interest or other delinquency fees?
As for paying the delinquent debts, many factors should first be considered before begiing payments.
You may wish to offer a PFD or a settlement for less.
A first consideration is the age of the debt and the SOL in your state.
How old are the debts, as represented by the date of your first delinquency, and what is the SOL on the dbt in your state?
