Legal Question in Credit and Debt Law in Illinois
I currently have wage garnishments taken out of my paychecks due to unpaid student loans. I have been keeping track of how much I've paid through my paystubs. I called the place taking out the garnishments to see the balance and they gave me an amount much higher than I expected. I was told this was due to interest that has been added. Am I supposed to be paying this added interest or the amount that was given to me by the judge?
Asked on 5/06/16, 2:42 pm
2 Answers from Attorneys
Jonathan Shimberg
Shimberg and Crohn, P.C.
Interest keeps on accruing. If the judgment was entered in IL it is 9%
Answered on 5/07/16, 11:24 am
Elfreda Dockery
Law Office of Elfreda Dockery
Call me at 312-372-5600 to discuss.
Answered on 5/08/16, 8:05 pm