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  1. #1
    Join Date
    Aug 2011
    Posts
    1

    Default Consent Judgement Letter

    My question involves collection proceedings in the State of: Georgia

    I have agreed to setup a payment plan with the attorney that is suing me for the debt that I incurred with capital one. We had agree to a monthly payment with zero interest, but in this consent letter they are wanting me to sign is stating that "Post judgment interest will continue to accrue at the legal rate from the date of judgment until paid." Can someone explain to me what this mean, before I sign this letter. Does this mean that my balance will still accrue interest until its paid off?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Consent Judgement Letter

    They are asking you to agree that interest on a judgment will accrue per the laws of the state that issued the judgment.

    I cannot read the letter from here, so I am not in a position to know if they are attempting to charge interest or if that provision will only kick in if you breach the terms of the repayment plan.

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