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When a judgment for credit card debt is established in California does the amount remain the same until paid or does it escalate with interest and fees?
Wiki User
∙ 18y ago
A California domestic judgment accrues interest at 10% until paid, no other fees involved.
Wiki User
∙ 18y ago
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When a judgment has been refiled does the defendant have to be notified and if not what do you do?
The laws and procedures on this vary by state. In California, you have a mail notice to the last known address of the judgment debtor.
In the state of California can your wages be garnished or bank accounts frozen by a judgment creditor?
Yes.
What are judgment excepts to credit card company garnishment?
For California, look in court forms web site and look for judgment exceptions to garnishment. I would do an attachment, but this is not an email. ==========================
How do you avoid paying the interest charges on a judgment for 5000 that has been in affect for 5 years?
The only thing you can do is to make an offer to the person or agency that hold the judgment against you. But you should know that they do not have to accept your offer.
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.
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.
What if you have a judgment against you but don't have the money to pay?
If you can't pay the judgment, it will continue to accrue interest at a rate that is generally established by the state legislature each year. State law will provide that the judgment is enforceable for a fixed number of years, the number being established by the statutes of the state in which the judgment is entered. There will also usually be a process by which the judgment creditor can renew the judgment's life for one or more successive periods.
Can a judgment get interest applied to it?
Yes it can. Usually in the judgment itself it will state the interest rate wich applies.
What is California court code 43477?
43477. In any judgment, interest shall be allowed at the modifiedadjusted rate per annum established pursuant to Section 6591.5, uponthe amount found to have been illegally collected from the date ofpayment of the amount to the date of allowance of credit on accountof the judgment, or to a date preceding the date of the refundwarrant by not more than 30 days, the date to be determined by theboard.
Is interest on a judgment compounded?
Yes.
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?
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.
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%.
Can a tax judgment filed in California 14 years ago change from 1050.00 to 2546.00 when you try to pay it off in 09?
If it was a tax judgment that is 14 years old, you are also probably paying off fines penalties, and interest costs.
Can a California Limited Libility Company be forced to pay a judgment?
Can a California Limited Liability Company be forced to pay a judgment
