Legal Question in Civil Litigation in California
Smal Claims Court
Monies that is owed to me is on my credit card. How do I figure the total amount owed (interest for each month) when I don't know how long it will take to go to court. Also is the defendant responsible for paying interest for the period of non payment.
Thank you
Asked on 1/04/01, 10:52 pm
1 Answer from Attorneys
Ken Koury
Kenneth P. Koury, Esq.
Re: Smal Claims Court
You sue for the principal amount and ask the court to award interest. In California the legal rate of interest on the judgment is 10 percent.
Answered on 1/05/01, 1:07 pm