What interest rate is currently allowed?
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What interest rate is currently allowed?
My ex is defaulting on divorce settlement payments. I am seeking judgment with interest on monies owed. In NV.
Asked on November 6, 2010 under Bankruptcy Law, Nevada
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
Just so you know you can ask generally and the interest rate will be assessed at the time that the judgement is entered by the clerk of the court. But if you need to know I believe that by statute in Nevada, if the interest rate of a creditor is not expressly stated in a contract of sorts (like a credit card) then it is the prime rate at the largest bank in Nevada. It is very wise of you to act on the defaults. A judgement for things like child support and spousal support can be collected against your ex spouse's estate should it come to that. In the present, though, you can use all the methods of collection permitted in your state, which can include garnishment, liens, levy's, etc.
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