Eviction

questions & answers

Question: Hi, I did receive a judgment in my favor, and it staes 10 percent interest until it is paid. Is this monthly, yearly, weekly?

Answer:

The language of the judgment itself should indicate whether the 10 percent rate is an annual rate, or some other term. Assuming that the your judgment was rendered by an Arizona state court, you may want to review A.R.S. § 44-1201. Subsection (A) of that statute states, "Interest on any loan, indebtedness, judgment or other obligation shall be at the rate of ten per cent per annum, unless a different rate is contracted for in writing, in which event any rate of interest may be agreed to." You may want to contact the clerk of the court to find out the specifics of your judgment.

QUESTIONS

  • Hi, I did receive a judgment in my favor, and it staes 10 percent interest until it is paid. Is this monthly, yearly, weekly?

STORIES

  • He told me that I could actually get all the money I needed by using my home as collateral. . .
  • He told me that I could actually get all the money I needed by using my home as collateral. . .
  • I just helped my mother, age 89, deal with her Medicare HMO. . .

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