Legal Question in Credit and Debt Law in California

An attorney has a $7,000 judgement against me and wants to charge me 10% interest. I responded that I would agree on 3% and he responded by serving me with papers to appear in court. How much interest do I have to pay? Thank you.


Asked on 2/16/11, 11:57 am

2 Answers from Attorneys
Joe Marman Law Office of Joseph Marman

The legal rate of interest on judgments is 10% per hear.

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Answered on 2/16/11, 12:28 pm
Tony Carballo Carballo Law Offices

You need to pay 10% per annum (not compounded). That is the California legal rate on judgments unless you can settle it for less.

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Answered on 2/16/11, 1:38 pm


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