Legal Question in Credit and Debt Law in Virginia

If someone is granted a judgment against you for 24% and the contract states that it is annual interest...when the judgment is granted does that interest go to a monthly interest rate??


Asked on 2/13/15, 8:12 am

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

The allowable interest rate on judgments in the Commonwealth

is normally around 6% APR..

Read more
Answered on 2/13/15, 9:23 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Virginia