Example: Judgment debtor owes the judgment creditor $5,000 (the “judgment principal”). The amount of interest earned will be $1.37 per day as long as the unpaid amount remains $5,000. Formula: (Total amount of judgment owed) × (applicable interest rate) = interest earned per year.

Example: If your judgment is $5,000: $5,000 (total judgment) x 0.10 (10% interest) = $500 (yearly interest) Divide by 365: $500 (yearly interest) ÷ 365 (days in a year) = $1.37 (daily interest) Multiply the daily interest by the number of days since the court entered the judgment.

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Loan Payoff Form With Interest Calculator In Santa Clara

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