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%.
Currently, interest on small claims judgments accrues at an annual rate of 1 percent plus the primate rate in effect on Jan. 1 of the year in which the judgment is entered, or the rate in effect on July 1 if the judgment is entered after June 30 in any given year.