I am sending a demand letter for payment of a judgment, I am allowed to add on 10% interest, but is this daily, monthly, yearly? This was a labor , wage issue that resulted in a judgment. Please advise. THANK YOU! The judgment went to Orange County Superior Court, CALIFORNIA
Interest is 10% per annum. See my blog post entitled: "Calculation of Interest on California Judgment" at https://www.mrdaymude.com/calculation-of-interest-on-california-judgment/. While it pertains to calculation for purposes of a writ, it applies to the calculation you will make for your demand letter, too. Good luck.
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Ten percent per year.
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