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Home » Debt

Can debt collectors charge interest on purchased credit card debt?

Submitted by on May 7, 2010 – 11:29 amNo Replies


A web user asks, I would like to know if interest can be charged. It wasn’t supposed to be in the past but with the increase of purchased debt it seems debt collectors are making their own rules as they go.

I am completely up to speed with everything except laws surrounding credit cards. Can anyone help out?
Links are very much appreciated also.

(and no, it’s not for me so no personal opinions on being in debt as I don’t require that advice – Serious answers to the question only please)
This is a NSW matter.

Can you help them out? Post your advice!

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