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.
The above is general legal and business analysis. It is not "legal advice" but analysis, and different lawyers may analyse this matter differently, especially if there are additional facts not reflected in the question. I am not your attorney until retained by a written retainer agreement signed by both of us. I am only licensed in California. See also avvo.com terms and conditions item 9, incorporated as if it was reprinted here.
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