Interest on Judgment

by john
(fort collins, colorado)

I was garnished and paid interest that was attached to the garnishment. Then after I paid it off I got a letter from the attorneys who entered the judgement that I have accrued interest while my garnishment was being paid. In a sense it seems that they are collecting interest twice. Can they charge me interest while I'm being garnished and while the garnishment already has interest included in it?

Comments for Interest on Judgment

Click here to add your own comments

Oct 18, 2011
Interest on Judgment

The judgment against you included all interest that had accrued on the debt that you were sued for. However, until you pay the full amount of the judgment, interest also accrues on the judgment. The rate of interest is set by the state where the judgment is entered.

Click here to add your own comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2016 by Mary Reed and Gerri Detweiler.
All rights reserved.