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That depends on the jurisdiction. In Massachusetts the rate is 12%.
That depends on the jurisdiction. In Massachusetts the rate is 12%.
That depends on the jurisdiction. In Massachusetts the rate is 12%.
That depends on the jurisdiction. In Massachusetts the rate is 12%.
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∙ 12y ago
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How much interest is legal to charge for buying a vacuum?
If you buy it outright, there is no interest charged. if you finance it, laws on this vary by jurisdiction.
Can interest be charged on child support interest?
No... this is illegal..(Federal).....no intrest can be charged on owed interest.
What is the true annual rate of interest charged?
The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.
Are judgments renewable in Washington state?
Judgments are indeed renewable in Washington state. They can be renewed for up to ten years with all the penalties and interest in place.
Is it legal for banks to charge interest on unpaid interest that is in dispute even if the principle is completely paid off?
Yes. If you owe the unpaid interest, it is money that you owe the bank even if it is in dispute. If you did not owe the unpaid interest, then the interest the bank charged was not owed. So, it depends on who wins the argument.
What percentage of loan is charged as interest?
It varies ... loans for different items are charged at varied interest rates.
Can interest be charged on interest on income tax?
Sure.
What is the highest interest rate for personal loans allowed in California law?
I am trying to find the answer to this question because I am getting charged over 90% interest by cash call, and I don't think this is at all legal!!!
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 interest be charged on interest?
Interest is usually not charged on interest and is called capitalizing interest. On some occassions banks may roll interest on a note and thus charge interest on the interest, but this is not advisable and is only done in certain situations that demand that it be done.
Can a lender charge you interest in Illinois on the remaining balance of a car repossessed?
The lender can charge you interest on the LOAN, as long as it is not charged off. Once the loan is charged off, the account is essentially closed. It is at this point that they will begin legal proceedings and the big charges are added to the balance: court costs, legal fees, collections costs. And these do not stop mounting after the judgment is granted. It just keeps going.
What does proceeding mean?
(law) the institution of a sequence of steps by which legal judgments are invoked
