Theres no mention of the 10% annual interest on the Agreement – why is that?
The Agreement form is designed to match the Court-filed Assignment Of Judgment. There is no need to mention interest – because interest is part of the “rights and title” of owning a Judgment. In my Agreement with you, I pay you 60% of what I get from the Debtor – principle and interest. You get 60% of what I net from getting (or taking) the assets of the Debtor. I attempt to collect the full value – including all costs and interest due – that is my goal – but it depends on the situation and the Debtor. Also – if you have previously renewed the Judgment – you will notice the Assignment form only mentions the original Judgment Amount. This is what the Court clerks require. This is to match the original Judgment at the Court. It does not change what the debtor owes.
