Legal Question in Civil Litigation in Wisconsin

Credit Card Interest Following Wage Garnishment

Once a creditor receives a judgment, the generally rule is that the interest rate is controlled by statute rather than the original contract. In WI, this rate was set by the legislature at 12% simple interest per year. Creditors are generally also awared court costs in garnishment actions, meaning that they are payable by the debtor. The creditor is also obligated to pay a small fee to the employer for processing the paperwork.