Legal Question in Civil Litigation in Illinois

Small claims court

How is interest figured in a small claims judgement? Is it compounded monthly, or weekly, or is it simple interest?


Asked on 10/26/01, 3:12 pm

3 Answers from Attorneys
Nima Taradji Taradji Law Offices

Re: Small claims court

The interest is set by statute at a rate of 9% per annum starting from the date judgment has been entered.

Nima Taradji

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Answered on 11/25/01, 6:07 pm
Lawrence A. Stein Aronberg Goldgehn Davis & Garmisa, LLC

Re: Small claims court

The interest on all judgments of Illinois courts is 9% simple interest.

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Answered on 11/23/01, 2:28 pm
Sheldon G. Bardach Law Offices of Sheldon G. Bardach

Re: Small claims court

Interest is calculated on a per diem basis. It is straight interest.

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Answered on 11/27/01, 2:19 pm


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