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%.
How Long Does a Judgment or Lien Last? A judgment initiated by your Creditor can be issued by the court of North Carolina when a debt becomes past due. This judgment is enforceable for a period of ten (10) years from the filing date.