Legal Question in Credit and Debt Law in Massachusetts

paying off a credit card debt

In 2003 I was summoned to court for not paying my credit card. The credit co won and I was ordered to pay back 1835.00. I couldnt afford to pay so another court date was set. The next court date the judge agreed to allow me to pay back $25.00 per month. The card was charged off in 2000. until tthe 1885.35 was paid. I have paid faithfully for 5 years. Now the credit co. is saying I had to pay interest of $1100.00 on top of the ordered amount. Can they do that? After the judge made the ruling of 1885.35.


Asked on 5/12/08, 7:45 pm

3 Answers from Attorneys

Re: paying off a credit card debt

Jugments in Massachusetts carry a 12 percent per year interest rate set by the legislature.

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Answered on 5/12/08, 8:06 pm
JOHN TATOIAN LAW OFFICE OF JOHN A. TATOIAN ESQ.*Licensed Only in Massachusetts

Re: paying off a credit card debt

Generally, interest runs at 12% on the unpaid balance of a judgment pursuant to Massachusetts law. However, the answer to your question would depend upon the specific order of the court.

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Answered on 5/19/08, 9:35 pm
Christopher Vaughn-Martel Charles River Law Partners, LLC

Re: paying off a credit card debt

Massachusetts judgments carry interest at a rate of 12%. However - I would have an attorney take a quick look at this. Credit card companies/debt collectors are using very aggressive and sometimes unethical methods in this tough economy.

I have discharged numerous debts for clients in the past year because of sloppy and unethical collection tactics.

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Answered on 5/13/08, 7:24 am


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