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Court Interest Charges
tranmereforever
Posts: 823 Forumite
Hiya all,
My friend has a debt of £5000 to an individual ( a very long story )
Anyway it went to court in 2012 and because of circumstances this has not been paid
In Jan 2014 he received correspondence from the individual asking for the £5000 for which she agreed to do by the end of March which was agreed - via email
However, at the end of March ( before this date ) she came home to find a note from a baliff with varying charges on them. Now I know that baliffs can charge fees but one of the charges was for an interest payment of £764 from the date it has gone to court
So my question is whether this is allowed if there has been no mention of interest charges preceding this? If it is allowed does the interest have to be set at a certain level?
Many thanks
My friend has a debt of £5000 to an individual ( a very long story )
Anyway it went to court in 2012 and because of circumstances this has not been paid
In Jan 2014 he received correspondence from the individual asking for the £5000 for which she agreed to do by the end of March which was agreed - via email
However, at the end of March ( before this date ) she came home to find a note from a baliff with varying charges on them. Now I know that baliffs can charge fees but one of the charges was for an interest payment of £764 from the date it has gone to court
So my question is whether this is allowed if there has been no mention of interest charges preceding this? If it is allowed does the interest have to be set at a certain level?
Many thanks
July 2015 Wins- Shaun The Sheep Goody Bag, 4x Books
Year to date: £786
Total to date ( Since 2008 ) = £37,345 :eek:
Year to date: £786
Total to date ( Since 2008 ) = £37,345 :eek:
0
Comments
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Hmm, no expert here. I recall something about 8% interest. But not sure if added at the time of court or not.
May also be bailiff charges?
Best give national debt line a call.:beer:0 -
happy_bunny wrote: »Hmm, no expert here. I recall something about 8% interest. But not sure if added at the time of court or not.
May also be bailiff charges?
Best give national debt line a call.
Agreed. 8% up to the date of judgement is OK but interest after judgement can only happen if there was a contractual agreement to it (and other hoops have been jumped through) - National Debtline can advise on this.
https://www.nationaldebtline.org/EW/factsheets/Pages/18%20EW%20County%20court%20-%20interest%20charges/Page-02.aspx
Is this a High Court Enforcement Agent? Or a County Court Bailiff?0
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