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%.
4 Ways a North Carolina Judgment Goes Away. A judgment is a decision from a court as to the outcome of a civil lawsuit. When a money judgment is entered, it is a determination by a court that the defendant (judgment debtor) owes that money to the plaintiff.