Legal Question in Civil Litigation in Illinois
Judgment
Can your be charged interest on a judgment that you have when the judgment was originally from an automobile loan which you were charged interst on the loan. I have been charged for the judgment amount and attorney fees and costs. The attorney is now ading interest the the balance and I am paying on the judgment on a monthly basis.
1 Answer from Attorneys
Re: Judgment
Yes. Interest on the judgment begins from the date the judgment has been entered. The fact that you haev paid interest on the loan is a different issue and is not connected to the issue of judgment. However, the fact that it is lawful to charge interet does not mean that the interest MUST be charged. You may talk to the lawyer and try to negotiate a lower interst (%9 is the statutory amount) or another arrangement.
I hope this helps.
Nima Taradji
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
