Legal Question in Credit and Debt Law in Tennessee

Certainly, but there is one situation where the interest assessment may be limited. Until such time as you are either exonerated of all liability for the credit card debt, the account is fully paid, or the debt is discharged in bankruptcy, the terms of the cardholder agreement are fully applicable which means that interrest can be charged by the bank/company that administers the card. This is so regardless of whether the account has been turned over to a lawyer or collection company.

However, if you have been sued on the credit card account and the court has entered a judgment against you, the only interest for which you can be assessed, unless you are still using the card after the entry of a judgment, is the interest that was awarded by the court. This may be statutory intereest which is ten-percent per annum in Tennessee or it may be contractual interest if pronounced by the court.