LawInfo

California Collections-Creditors Rights FAQs

• Is there a statute of limitations on executing a judgment?
  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
• 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 … more
• Is there any guarantee a collection service will collect on a judgment?
  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.
• Must I pay for the expenses incurred in enforcing my judgment?
  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

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