http://resources.lawinfo.com/en/Legal-FAQs/Non-Judicial-Remedies/index.html LawInfo - Legal Resource Center offers free legal forms and free legal documents that is designed to help consumers and businesses resolve their legal issues http://resources.lawinfo.com/en/Legal-FAQs/Non-Judicial-Remedies/Federal/can-a-creditor-collect-interest-on-an-unpaid-.html <span style="FONT­SIZE: 10pt; FONT­FAMILY: Verdana; mso­bidi­font­family: Arial; mso­fareast­font­family: 'Times New Roman'; mso­ansi­language: EN­US; mso­fareast­language: EN­US; mso­bidi­language: AR­SA">A creditor can only collect interest on a debt if there is an agreement beforehand, whether it is a credit application, a sales or purchase contract. If a creditor receives a court judgment, most courts do allow post judgment interest in rates that vary from state to state. Court costs are also recoverable and added to the amount of the final judgment. For a business debt, how do you determine what parties are actually responsible for the debt? When the debtor is a business entity, it is critical that you identify the parties legally liable for the debt. Knowing all potential parties beyond the primary borrower is extremely important in collecting a debt when the primary obligor has no reachable non&shy;exempt assets after obtaining a judgment. Identification of the responsible party or parties is first determined by the type of business entity of the debtor organization. Identifying the debtor as a proprietorship, partnership, limited partnership, limited liability partnership, corporation or limited liability company is the first step in finding out all the responsible parties on a debt. </span> Non-Judicial Remedies FAQs Mon, 04 Jun 2007 21:51:22 GMT http://resources.lawinfo.com/en/Legal-FAQs/Chex-Systems/index.html Free Chex Systems FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Collections/index.html Free Collections FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Creditor-Remedies-in-Bankruptcy/index.html Free Creditor Remedies in Bankruptcy FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Debt-Collections/index.html Free Debt Collections FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Enforcement-of-Judgments/index.html Free Enforcement of Judgments FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Fair-Credit-Reporting-Act/index.html Free Fair Credit Reporting Act FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Fair-Debt-Collection-Practices-Act/index.html Free Fair Debt Collection Practices Act FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Identity-Theft-Fraud/index.html Free Identity Theft FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Judicial-Remedies/index.html Free Judicial Remedies FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Mortgage-Foreclosure/index.html Free Mortgage Foreclosure FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Secured-Transactions/index.html Free Secured Transactions FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT http://resources.lawinfo.com/en/Legal-FAQs/Types-of-Creditors/index.html Free Types of Creditors FAQs Collections-Creditors Rights Sub-categories Sun, 29 Nov 2009 06:59:43 GMT