Legal Question in Credit and Debt Law in California
Is calculation of 10% interest on a money judgment is per calendar days or business days?
Does 10% interest apply to unpaid interest and collections fees also?
Thank you for clarifying.
Asked on 3/17/14, 9:29 pm
2 Answers from Attorneys
Charles Perry
Law Offices of Charles R. Perry
I agree with Mr. McCormick. Interest is based only on calendar days, and is calculated only on the unpaid amount of the judgment.
Answered on 3/18/14, 8:25 am
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