Legal Question in Credit and Debt Law in Virginia

Paying on a judgement

I had a judgment taking out against me by the attorney for Citibank...They claim it is only 6% interest...I made payments for 2 years and have only reduced the principal by less than $300...I called them and they said they are not putting the money towards the interest but the principal...When I asked them to send me something for me to understand why after sending them over 1K I had so little off the principal..They said they dont do that...Is there anything I can do about this?...If I stop paying them and put the money in a savings to get enough to pay the judgment off can they come after me again...I do have a homestead exemption filed and my income is judgment proof since I draw disability...Thank you for any advice


Asked on 4/08/07, 8:16 pm

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

Re: Paying on a judgement

Tell them that you must have an accounting from them as to how your payments over the last two years have been credited and a statement as to your remaining balance(consistent with the 6% APR)or you will have to make other arrangements.

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Answered on 4/08/07, 10:32 pm


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