Reply
Established Contributor
Takunda1
Posts: 512
Registered: ‎06-08-2007

Short Judgement Question.

When a judgement is passed and an apr... (say 7.5% per year until paid) is added to the original debt. Does this interest apply to attorney fees as well or is the interest only on the original debt?
Moderator Emeritus
masdeocho
Posts: 2,050
Registered: ‎04-17-2007

Re: Short Judgement Question.

That's a good question.  Call the court (Clerk's office) and ask, because the laws may vary by state.  I would think that the interest is calculated only on the original debt, but anything's possible.  If you find out, let us know!
-----------------
Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+