Legal Question in Credit and Debt Law in Missouri

is it legal to charge 99.99 percent interest a year on a judgement?


Asked on 9/14/12, 4:40 pm

1 Answer from Attorneys
Anthony Smith LawSmith

statutory judgment interest is much less than that. But, if a judgment is based upon a contract or credit account, the interest on that judgment could be that contract amount.

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Answered on 9/15/12, 7:37 am


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