https://ficoforums.myfico.com/t5/General-Credit-Topics/GET-RID-OF-INTEREST-ACCRUAL/m-p/249792#M106806 <DIV></DIV><DIV>hello, is there a way to stop interest from accruing on an account that is in collections?&nbsp; I am paying $150.00 a month on an old debt and I just realized that I am still being charged 24.99% interest, so only roughly $64.00 is being applied to the principal.&nbsp; There must be a way to get away from that without having to pay the debt off in one shot which I cannot afford to do. Any help would be greatly appreciated.</DIV><DIV>&nbsp;</DIV><DIV>JB</DIV> Thu, 29 May 2008 00:10:05 GMT Anonymous 2008-05-29T00:10:05Z https://ficoforums.myfico.com/t5/General-Credit-Topics/GET-RID-OF-INTEREST-ACCRUAL/m-p/249792#M106806 <DIV></DIV><DIV>hello, is there a way to stop interest from accruing on an account that is in collections?&nbsp; I am paying $150.00 a month on an old debt and I just realized that I am still being charged 24.99% interest, so only roughly $64.00 is being applied to the principal.&nbsp; There must be a way to get away from that without having to pay the debt off in one shot which I cannot afford to do. Any help would be greatly appreciated.</DIV><DIV>&nbsp;</DIV><DIV>JB</DIV> Thu, 29 May 2008 00:10:05 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/GET-RID-OF-INTEREST-ACCRUAL/m-p/249792#M106806 Anonymous 2008-05-29T00:10:05Z https://ficoforums.myfico.com/t5/General-Credit-Topics/GET-RID-OF-INTEREST-ACCRUAL/m-p/250084#M106820 <DIV></DIV> <DIV>Legally the CA can charge whatever interest that was in the original contract/cardholder agreement- </DIV> <DIV>&nbsp;</DIV> <DIV>There is no way to get out of paying the interest-&nbsp; </DIV> <DIV>&nbsp;</DIV> <DIV>You can try and negociate a lower rate--<BR /></DIV> <BLOCKQUOTE> <DIV> <HR /> julieb wrote:<BR /> <DIV></DIV> <DIV>hello, is there a way to stop interest from accruing on an account that is in collections?&nbsp; I am paying $150.00 a month on an old debt and I just realized that I am still being charged 24.99% interest, so only roughly $64.00 is being applied to the principal.&nbsp; There must be a way to get away from that without having to pay the debt off in one shot which I cannot afford to do. Any help would be greatly appreciated.</DIV> <DIV>&nbsp;</DIV> <DIV>JB</DIV><BR /> <HR /> </DIV></BLOCKQUOTE> <DIV><BR /></DIV> <DIV></DIV> Thu, 29 May 2008 05:37:42 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/GET-RID-OF-INTEREST-ACCRUAL/m-p/250084#M106820 Anonymous 2008-05-29T05:37:42Z