How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Remus2004 Your Own Question
Remus2004, Barrister
Category: Property Law
Satisfied Customers: 71056
Experience:  Over 5 years in practice.
Type Your Property Law Question Here...
Remus2004 is online now

can someone charge interest on a court order

This answer was rated:

can someone charge interest on a court order
Thank you for your question. My name is ***** ***** I will try to help with this.
-Could you explain your situation a little more?
Customer: replied 3 years ago.

someone took me to court because of owed money - and got a court order - i have been paying him monthly - but its not going down due to the interest i am being charged

Customer: replied 3 years ago.

I owed an individual some money - he got a courier order for the amount - I have been paying this back - but the balance s not going down due to the interest he is charging

Interest can be charged in accordance with the court order. Usually at 8% per annum pursuant to the county courts act. There are different rates of interest but that is the usual one.
8% a year is not a ruinous rate. It is obviously a rate of interest you would prefer not to pay but it doesn't mean that your payments should not be making the debt reduce. If they are charging anything more than that then you need to check the CCJ as it is probably wrong.
Can I clarify anything for you?
Customer: replied 3 years ago.

So do I need to check if the court order includes interest - or does it automatically include it

It will include it automatically. Normally at 8%.
It is possible that this was for a higher amount and so accessed the higher rates of interest but not likely.
But check the order and ascertain how much was ordered. If they are charging more then that is not lawful.
Remus2004 and other Property Law Specialists are ready to help you