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Can attorney fees be added to debt in NJ?

Date: Fri, 01/12/2007 - 09:02

Submitted by anonymous
on Fri, 01/12/2007 - 09:02

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Total Replies: 3


In NJ can a creditor sue for anything more than the amount owed plus court costs? If no notice, invoice, or statement was ever received showing interest added to the principle, can that interest be collected?


It depends on what sort of debt,...credit card, auto loan, foreclosure, etc. Most threats of suit are just empty threats anyway. However, if the case does go to court, they can charge for attorneys fees. I believe that interest has to be started either in your agreement with original creditor, or in their collection letters.


lrhall41

Submitted by on Fri, 01/12/2007 - 11:02

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It is a business debt. It was my understanding that the court will not allow collection of attorney fees in a debt collection proceeding. I'm just checking to see if anyone knows for sure. Interest is mentioned on the original invoice, but no interest has been assessed as of this date. I would think that the precedent has been set of not collecting interest since the bill was not paid on time, and no interest was charged on succeeding bills.


lrhall41

Submitted by on Fri, 01/12/2007 - 11:29

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