Legal Question in Credit and Debt Law in Michigan

Can bad debt earn interest?

Can a credit card debt that is know being handled by a law office still earn interest?


Asked on 7/13/05, 5:53 pm

1 Answer from Attorneys
Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

Re: Can bad debt earn interest?

Yes, but the rate of interest is limited by law.

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Answered on 7/14/05, 3:19 pm


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