Legal Question in Credit and Debt Law in Nevada

Judgment Interest Rate

I am being sued on a credit card I was no longer able to pay. I called the attorneys office to arrange a stipulated judgment at which point the lady told me that the interest rate would still be 25.96%. I thought it was 2% above prime rate and she said no - I asked if I let it go to default judgment wouldn't it go to the lower state judgment interest rate and she again told me no, the account would NEVER go below the 25.96% interest rate. That doesn't sound right - if I couldn't afford that interest rate in the first place, how can I afford it now? Is she just trying to get more money out of me?


Asked on 6/03/09, 5:28 pm

1 Answer from Attorneys
Jeffrey Cogan Jeffrey A. Cogan, Esq., Ltd.

Re: Judgment Interest Rate

I can negotiate a lower rate and smaller amount if I am hired. There are some evidence rules that we can use to show them that they cannot prove their case.

Email me if you'd like an appointment.

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Answered on 6/04/09, 7:11 am


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