can a collection ageny get imposing acrued intrere

can a collection ageny get imposing acrued intrerest from after i had a wage garnishment and i was done paying in newjersey

2 Answers

Yes, a collection agency can impose accrued interest after garnishing your wage. The collection agency can impose accrued interests on the remaining debt balance after the garnishment is completed.



Regardless of the source of payment received, it has to be credited against accrued interest on the unpaid principal balance first. Then the resedue of such payment has to be credited against the principal, and lastly against the legal costs and attorney's fees.


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