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Old 06-14-2003, 08:43 PM
golfer40
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Interest on judgement

What is the name of your state? Illinois My wife was taken to court on by a credit union over a cosigned loan for a auto her son defaulted on. The lawsuit was in Indiana and a judgemnet was entered against my wife for the remaining amount of the loan after the credit union re sold the vehicle, We are paying 100$ a month on the balance of the judgement. My question is are they allowed to charge interest on the balance of the judgement entered against her?
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Old 06-14-2003, 08:48 PM
hexeliebe
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yes, and depending on the court where the judgement was entered and the state it could be up to 10% and more.
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