Legal Question in Family Law in Illinois

why does interest rate keep going up while you are making payments?


Asked on 4/15/13, 7:31 am

1 Answer from Attorneys
Jonathan Shimberg Shimberg and Crohn, P.C.

The rate has not changed in years. As the arrearage rises the amount of interest rises but it is always 9 % simple interest.

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Answered on 4/15/13, 7:51 am


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