Can You Collect Interest On An Unpaid Judgment?

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Can You Collect Interest On An Unpaid Judgment?

Yes. Interest began accruing the day a judgment was issued. The rate is 10% percent per year, simple interest. A judgment may be worth significantly more today than the day it was issued.

Other California Collections-Creditors Rights FAQs

Q: Is There A Statute Of Limitations On Executing A Judgment?
A: Yes. California Judgments must be executed within 10 years from the date Judgment was entered. Renewing the Judgment, which can be done once at least 5 years have … More
Q: Is There Any Guarantee A Collection Service Will Collect On A Judgment?
A: No. Sometimes there are simply no assets to seize. But, a collection service will do their best because they only get paid if they collect.
Q: Must I Pay For The Expenses Incurred In Enforcing My Judgment?
A: No. A collection service advances the cost of all expenses incurred in collection. The expenses are then deducted from the judgment settlement before it is divided. … More