Re: debt collector problem

More | Report Post

NEVER talk to a debt collector! STAY OFF THE PHONE!

http://www.creditboards.com

On 9/29/06, NICOLE wrote:
> I recently set up a payment plan with a Debt Collector and
> after I made my first payment I received a letter
> stating "Interest is presently charged at an Annual
> Percentate Rate of 2&37;. You may avoid paying additional
> interest by paying the New Balance". I'm confused...What
> does that mean? Are they going to charge me 2&37; every
time
> I make a payment if I don't pay the balance? If so, can
> they do that if you already set up a payment plan with
> them. Please Help!!!!
>
>