Quote Quoting Mr. Knowitall
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If your agreement with the company provides for interest on any amount not immediately repaid, then you agreed to pay interest. If you did not, they can sue you and attempt to convince a court to allow pre-judgment interest. Such awards are normally at the discretion of the court, although they're more likely when there's a clearly defined sum of money involved.
The agreement with the company did NOT provide interest on any amount unpaid nor a deadline for the sum amount to be paid by. The President of the company only told me via email that if the amount was not paid in full by 2015, interest would be applied.

So basically what you are saying is that the company would have to take me to court (sue me) in order to collect interest if I only paid back the original sum? It would be up to the judge to decide whether or not interest should be applied before the judgement was made?

And thank you for the references. Much appreciated.