Can I Collect Interest On My Judgment?

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Can I Collect Interest On My Judgment?

Yes. Interest began accruing on the judgment date at the legal rate of interest set by the court (approx. 10%) in the state of Delaware. The interest rate, in most cases, is stated right in the judgment.

Other Maryland Collections-Creditors Rights FAQs

Q: Is There A Statute Of Limitations To Collect My Judgment?
A: Yes. In Maryland, judgments expire in 12 years. However, it varies in other states. Petitioning the court before the expiration date can extend the time limit.
Q: Is There A Guarantee That A Collection Agency Will Recover The Debt?
A: No. Sometimes the defendant has no assets to seize.
Q: How Long Before The Creditor Can See Any Results From An Agency?
A: A typical case takes 150 days to locate the defendant and see what assets they may have.