heres my next question, my account is froze due to a creditor... the judgement is for 2061.00 noted from the sheriffs office stamped signed delivered.. now the creditor is telling us we owe them interest... its now 2661.00 .. what is the amount that they are allowed to take... I would think its the amount of the judgement... without interest????
Debt Settlement Attorney
Generally, Pennsylvania law automatically allows a judgment creditor to increase the judgment amount to account for accruing interest.
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3 lawyers agree
The legal rate of interest on a judgment in PA is 6% simple interest, not an interest rate on the debt, as a loan or credit card. It sounds like the judgment is a few years old. While it may be worth fighting the interest charges, you probably are better off settling this matter and getting on with your life, because it does not sound like the creditor is going away.
2 lawyers agree