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CCJ Interest
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Freeatlast
Posts: 25 Forumite


If a CCJ is granted on an old credit card debt, is it usual that the creditor will be awarded interest on top of the amount? if so for how long can the interest accumulate?
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Comments
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Interest up to the date of judgement is allowed
Interest after judgement is very unusual as the creditor would have to jump through a lot of hoops
https://nationaldebtline.org/get-information/guides/interest-on-a-ccj-ew/0 -
So if the debt is currently in default hence not accruing interest, if they go for a CCJ they can add on the Interest since default?0
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That is highly unlikely; National Debtline on 0808 808 4000 can talk you through the details0
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Freeatlast said:So if the debt is currently in default hence not accruing interest, if they go for a CCJ they can add on the Interest since default?
They may add their legal fees to the debt, it would be unusual to add further interest after default, but not impossible I guess.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
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