Question

is it legal to pay that much interest?

Asked 4 April 2011 · 1 answer

The question

This is my Situation I borrowed $5000 to personal loan and used it to pay for College years ago.

In 2005 I was taken to Court and the judge ordered me to get garnished for the amount owed.

I just received a summons to go back to Court because they are saying tht I successfully paid them $8 174.28 and now that money accrued interest of $4169.43 and they want to garnish me for that..why wasnt this included in the first garnishment is this legal...$12 000 for a loan of $5000? What are my chances if I go to Court? What do I do I cant afford a Lawyer so It will only be me. Please advise. I know too that if I go to Court I will have to pay their Court fees so the amount will sky rocket??? help!!

From the LawyerCentral forum archive. Originally posted 4 April 2011 on a legal forum that has closed. Names and contact details were removed. See the original (Internet Archive).

1 answer

Visitor answer 15 September 2011

I am by no means a lawyer, but if a judgement was rendered against you for 8,174.28, and you paid it, they can't go double dip on you. Go to court, explain that you can't have 2 judgements against you for the same thing. They can't decide later that it's not enough. And it may be a shady company that bought the debt that is trying to milk more money out of you.

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