Post Judgment Costs and Interest

How do I Compute 10% Interest That I’m Entitled to on a Judgment?

Judgment Calculator Below

Your Original Judgment Amount:$
The Date Your Judgment Was Entered:
Annual Interest Rate:		%
Daily Interest You Are Earning:
Number of Days Since You Won Your Judgment:
Interest You Have Earned On Your Judgment:
Value of Your Judgment Today:

Interest begins on the day the final judgment is entered. If partial payments are made, those payments are first applied to the accrued interest and then to the unpaid principal.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on reddit
Reddit
Share on tumblr
Tumblr
Share on telegram
Telegram

For more information, check out California Code of Civil Procedure §§685.010 to 685.030.  To calculate the interest, first determine the daily amount of interest. For example, a $5,000 judgment will accrue $500 of interest per year at a rate of 10%. Dividing $500 by 365 days gives you a daily interest rate of $1.37.

Now, assume that after 145 days the debtor pays you $400. The following computation shows the amount of interest that will accrue after that payment is made:

After 145 days, $198.65 (145 days x $1.37/day) of interest will have accrued on the $5,000 judgment. Out of the debtor’s $400 payment, pay yourself the accrued interest first. You then will have $201.35 left ($400 – $198.65 = $201.35). Now credit the remaining $201.35 against the $5,000 judgment ($5,000 – $201.35 = $4,798.65 of unpaidprincipal). The new daily interest will then accrue at a rate of $1.31/day ($4,798.65 x 10% = $479.86 ÷ 365).