I just found out that the person awarded the $1500 judgment is now requesting $2900 as payment. The judgment is the first and is only 2 months old. Is this legal??
2007-02-28 05:43:34 · 6 answers · asked by k m 1 in Business & Finance ➔ Renting & Real Estate
The judgement TOTAL is $1500. There are no additional court costs. It was an individual, not a collection agency. The judgment is only 2 months old, not old enough to have accrued interest. I'm not so dumb that I can't read a judgment. It isn't against ME anyway, it is a relative.
2007-02-28 06:55:31 · update #1
Get a copy of the actual Judgment and read it in full as that is what governs what you will have to pay.
Most Judgments include attorney fees and expense, court costs and filing fees, and may allow a reasonable interest rate be to be charged. It is possible that the $1,500 was for the amount of money originally due and the remaining $1,400 is the above referenced expenses, but that does sound a a bit steep.
It could be the company that sued you has screwed up and is trying not only to collect the original amount owed and the
Judgment because they have not properly adjusted their books on their computer/accounting system (the need to write off the original amount and have a means to collect on a Judgment, but many companies, especially smaller ones, don't know how to properly set up Judgment collection on charged-off accounts).
2007-02-28 05:58:05 · answer #1 · answered by bottleblondemama 7 · 0⤊ 0⤋
It depends on the type of judgement. The total could very well be $2900 due to court costs and legal fees which are on top of the original debt. Also keep in mind that some judgements are subject to the county standard interest rate at 9%. The actual rate varies by county. The longer it goes unpaid, the higher the payoff could potentially be.
2007-02-28 05:53:02 · answer #2 · answered by dancing11freak 2 · 1⤊ 0⤋
If you were turned over to a collection agency in the event of non-payment, you could be held liable for any applicable attorney fees; but it must have been stated in writing from the beginning, that the creditor reserved that right. At that point, the court must also agree to allow such a dollar figure (above original debt)
As per The fair debt collection practices act-808. unfair practices-"The collection of any amount (including any interest, fee, charge, or expense incidental to principal obligation) unless such amount is expressly authorized by the agreement creating the debt"
2007-02-28 06:02:35 · answer #3 · answered by somethingoranother 4 · 0⤊ 0⤋
Most states allow a judgment to collect interest once a judgment has been obtained from a court.
In California that interest is 10% per year.
You have to check an see what the interest rate is in your state.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-02-28 05:51:03 · answer #4 · answered by Skip 6 · 1⤊ 0⤋
The person is solely responsible for the judgment against them.
2007-02-28 05:49:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋
sounds fishy to me are you paying their legal fees.or are they suing again
2007-02-28 05:50:07 · answer #6 · answered by tastyflow 3 · 0⤊ 0⤋