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Expert: Jason Barnette, Esq. - 10/25/2009


Question
I am a TN resident.  I can't find a TN statute that states what is the legal amount a collection agency or law firm can charge for collecting a debt for a third party.  I have a law firm that is charging a fee that is 111% of the original debt owed.

Answer

BLO
Stacy:

What you're thinking of is "usuary" limits.  It can only be used as an offset if the debt collector/law firm sues.

Since you're in Tennessee, feel free to contact our offices.  We can help.

Jason Barnette
Barnette Law Offices, LLC
1800 Hayes Street; Suite 122
Nashville, Tennessee 37203
Phone: 615-585-2245
Facsimile: 615-250-8787
http://www.barnettelawoffices.com

Jason Barnette, Esq.

Expertise

I am the managing member of and a trial attorney at Barnette Law Offices, LLC, located in Nashville, Tennessee. Our firm focuses upon consumer protection cases arising under the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and the Tennessee Consumer Protection Act.

Experience

Attorney Licensed to practice before Tennessee state and federal courts

Education/Credentials
Juris Doctor

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