Thursday, 5 March 2015

I have a judgment against me on a credit card debt. are they allowed to charge interest above the judgment amount if not stated on the court...

Question

I have a judgment against me on a credit card debt. are they allowed to charge interest above the judgment amount if not stated on the court order?



Answer

Yes. The law is that they are entitled to nine percent simple interest on the judgment. It does not have to say it in the judgment itself



No comments:

Post a Comment