AZ Court Help and Arizona courthouse accessibility information           Increase Font Size

A- A A+

FAQ - Small Claims

  2. FAQ
  3. Small Claims
  4. How do I calculate my interest?

Arizona Civil Legal Needs Community Survey

Civil legal organizations in Arizona are seeking your input to increase their ability to meet the civil legal needs of Arizona's lower income residents. Please complete this survey to assist in improving civil legal services in Arizona.
English

Encuesta de Necesidades Legales Civiles de Arizona

Las organizaciones legales civiles en Arizona buscan su opinión para aumentar su capacidad de satisfacer las necesidades legales civiles de los residentes de bajos ingresos de Arizona. Por favor complete esta encuesta para ayudar a mejorar los servicios legales civiles en Arizona.
Español

How do I calculate my interest?

A basic method for calculating simple interest on a judgment:
•    Step 1: Multiply $ (judgment) X (interest) % = (annual interest rate due)
•    Step 2: Divide (annual rate) by 365 = (daily interest amount)
•    Step 3: Multiply the daily interest amount times the number of days since the judgment was entered. (Note: every time a payment is made the interest must be recalculated.)
Resources:
•    Rate of interest for loan; interest on judgments A.R.S. § 44-1201

Related Articles

Search