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Am I within my rights to expect my debtor to pay interest and costs incurred and can he legally refuse to do so?
Wiki User
∙ 12y ago
If he is your debtor 'by judgment' then the judgment papers should set down the specific circumstances. If not a court ordered judgment, you will probably have to take him to court
If your original contract and/or credit application that the debtor signed provides for any late fees, collection or court costs, or interest then they would legally be bound to pay them, and if they refuse you can take them to court for those fees as long as you have proof they knew about them before incurring the debt. This would be in the form of a signed credit application, agreement or contract that they signed where your terms are outlined and these fees are provided for.
Wiki User
∙ 12y ago
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Applying for credit after foreclosure, what interest rate should I expect?
You probably will be stuck with a very high interest rate since you had to foreclose on your house. Expect it to be higher than 20% to start out.
What is the lowest mortgage interest rate a potential homeowner can expect to encounter?
Mortgage interest rates differ from one city or country to another. However the lowest mortgage interest rate a potential homeowner can expect to encounter is between 4.3% to 6%.
What you can expect from company?
IF you mean from a company, then self interest is its sole objective.
Why should you get the lowest interest rate?
That is simply not true. It might be better to get a higher interest rate which is fixed for the term of the loan if you expect interest rates to rise.
What's the interest rate on instant loans?
You can expect very high interest rates. In fact, some of these companies charge you interest rates upwards of 50%.
Can a twelve year old have a sex change?
Legally? To my knowledge, heck no, but in this world, you can expect anything.
Why would a collection agency report a higher amount owed?
Te balance owed on a defaulted account will continue to accrue interest and penalty charges until a settlement of some sort is made. The interest charges and any applicable fees are regulated by state law where the debtor resides or in some cases the state where the contract was made. Not to be overlooked is the fact that many of the amounts reported by collection agencies are based on incorrect and unenforceable interest and fees. Do not hesitate to request an accounting of these amounts. Do not expect cooperation without effort.
How much interest should one expect to pay on a personal loan?
One should expect to pay anywhere from 5% to 20% interest on a personal loan these days. of course you must take into consideration your employment status, your credit score and the financial institution you are planning to use as interest rates vary from bank to bank.
What would you expect that since bonds are generally among the safest investments?
have low interest rates
How much can you expect to pay in a loan settlement?
You can expect to pay the amount of the loan minus the interest and fees. This is significantly lower than the amount asked. Sometimes it is a pwrcentage of the loan.
Does a guy stop taking interest in you if you tell him you only like him as a friend?
If he says Yes, then that is what you should expect.
What was expect of women in the concept of separate spheres?
To take no interest in activities outside their homes... BOLD/Italic
