@Rwil72 wrote:
The original debt amount with Mariner finance company was $3,700. The debt went delinquent in 2019 and was charged off in 2020.
Mariner still has the debt and continue to report charged off every month. The debt has now grown to $6,700. I was playing the long game to try and make them settle for less, but they haven't budged and they are putting pressure on me when I continue to see that balance increase due to interest. My question is how much interest can a company legally charge after the debt has been charged off? The debt is about to double just due to interest.
It really all comes down to what was in the original agreement you signed and agreed to, as well as what might be permissible by the laws relative to your jurisdiction.
This involves the FDCPA and case rulings involving interest and fees have gone both ways. It would probably be a good idea to speak with a local debt attorney in your area to determine what rights you may, or may not have and possible actions you could take.
