Interest On Judgment Debt
(St. louis, MO)
I have an account which went into collection in March 2006. I contacted the company to set up a payment arrangement (after their refusal in prior years) in October 2009. I have paid, as agreed, monthly since then.
However, I am being charged 9% interest DAILY. Is this action legal under the new credit card laws? The company entered a judgment against me in March 2007.