close
    1. Home
      2. ›
    2. Uncategorized
      3. ›
    3. is it legal to charge interest on interest?
    is it legal to charge interest on interest?

    I need to know if it is legal to charge interest on interest. The initial debt has been paid and all that remains is the interest that I am paying interest on.

    Answer this
    0  Views: 605 Answers: 1 Posted: 15 years ago
    Tags: personal federal income tax
    Comment this question

      1 Answer

      If you have not paid back the principal according to the loan agreement this "interest" gets added to the principal - so the answer is yes, sometimes.
      15 years ago. Rating: 0
      Comment this answer



        Did this answer your question? If not, then ask a new question.

        Top contributors in Uncategorized category

         
        ROMOS
        Answers: 18061 / Questions: 154
        Karma: 1102K
         
        Colleen
        Answers: 47269 / Questions: 115
        Karma: 953K
         
        country bumpkin
        Answers: 11322 / Questions: 160
        Karma: 838K
         
        Benthere
        Answers: 2392 / Questions: 30
        Karma: 760K
        > Top contributors chart

        Unanswered Questions

        sunwinhubcomsunwinhubcom
        Answers: 0 Views: 0 Rating: 0
        Xoi Lac TV Trang Xem Bong Da Truc Tuyen Duoc Nhieu Nguoi Quan Tam
        Answers: 0 Views: 7 Rating: 0
        kx88uscom
        Answers: 0 Views: 9 Rating: 0
        xoilactvmaji
        Answers: 0 Views: 6 Rating: 0
        sky88v8.com
        Answers: 0 Views: 11 Rating: 0
        mylagoal
        Answers: 0 Views: 8 Rating: 0
        mylagoal
        Answers: 0 Views: 11 Rating: 0
        Le Clup IPTV
        Answers: 0 Views: 12 Rating: 0
        > More questions...
        558826
        questions
        779048
        answers
        919809
        users