AboutOntrack Financial Group llc Expertise With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority.
In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitude and aptitude to truly assist our clients. Ontrack Financial Group llc is that company!
With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process.
Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint.
Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.
Experience Please read about us at Https://www.OntrackFinancialGroup.com
Question I just got a letter today from a collection agency for a phone bill from 2002 while I lived in the state of Kansas. The original amount was only $85. They are saying that I have to pay them over $215 to settle the debt. I know that they can charge interest, but I don't get where they are coming up with the end amount. I live in Missouri now and the letter says that unless I contact them or make a full payment, I will be "subject to any and all interest and or penalties allowable under the terms of the original contract and in accordance with the laws in the state of Missouri." So, my question is this: How much interest can they actually charge, and what fees can they also legally charge?
Thanks for your time!
Answer Dear Tracey,
Thank you for your question. The debt collection agency can charge interest and fees on the account. Check with Missouri's collection laws, they may transparent about percentage debt collectors can charge.
