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Yes it can. Usually in the judgment itself it will state the interest rate wich applies.
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How is interest calculated on a money judgment?
That answer will vary from state to state. In California, you can collect 10% per year on the oustanding balance. You take 10% of the outstanding judgment and divided that number by 365 to obtain the daily rate of interest. Multiply the number of days since the entry of judgment. Payments are applied to interest first and then to the principle. The interest is not capitalized.
If a judgment creditor over charged you on a writ of garnishment increasing the interest and the amount to be garnished can the judgment be vacated?
If a judgment creditor over charged you on a writ of garnishment increasing the interest and the amount to be garnished can the judgment be vacated?
Is interest on a judgment compounded?
Yes.
Does a judgment lien against a property have interest?
Yes. Interest continues to accrue until the judgment is paid. That causes the debt to grow. In Massachusetts that interest rate is 12%.
What does post-judgment mean?
judgment mean some one who have done worg and receives his or her judgment.post judgement
What is the maximum allowable interest rate for a personal note in Illinois?
Interest on the unpaid judgment is 9% per year (simple interest, not compound interest). Unpaid judgments can affect the judgment debtor's credit rating.
If a judgment is still accruing interest can a payment be applied to the original amount of the debt stop the agency from adding any more interest?
Your specific question and situation requires a legal opinion. This answer is a general one only. That having been said... Judgments, being legal actions, usually accrue interest according the terms set by the judge when the judgment is granted. So paying the creditor would not stop the interest unless that continency was covered in the disposition.
Can a lawyer charge interest on a judgment?
The lawyer doesn't charge interest on a judgment.Once the creditor wins a lawsuit and the court issues a judgment lien, the creditor is legally entitled to interest from the time the judgment is issued until it is paid. The debt can grow quickly. In Massachusetts the interest rate is 12%.
When are income taxes applied to the interest earned by business-owned annuities?
When are income taxes applied to the interest earned by business owned annuities
When are income taxes applied to the interest earned by business owned annuities?
When are income taxes applied to the interest earned by business owned annuities
How do you add interest charges to a real estate lien?
Interest on a judgment lien is set by state statute. If you don't have an attorney perhaps the court that issued the judgment could help you figure out the interest due you on your lien at payoff time. The interest rate in Massachusetts is 12%.
Is interest applied to the saving account?
Yes, most savings accounts pay interest.
