Who is a co-applicant? A co-applicant refers to a person who applies along with the borrower for a loan. This is done so that the income of the co-applicant can be used to supplement the borrowerâs income and increase his/her eligibility.
Here are some states' approaches to the question of awarding post-judgment interest: 1  California provides for a fixed interest rate of 10% per annum for postjudgment interest. 2  North Carolina applies a statutory rate of 8%.
Interest on a judgment entered by a circuit court on a contract shall bear interest at the rate provided by the contract or 10% per annum, whichever is greater, and on any other judgment at 10% per annum. Arkansas Code Title 16 Subtitle 5 Chapter 65 Subchapter 1 - Â§ 16-65-114.