Did you just lose a small claims case? it may differ from state to state, but I just won one here in cali and this is how it is here:
If you dont pay the balance entirely it is 10%.
If you are making payments on a court approved payment plan, there is no interest.
If you default on the payment plan, the entire balance is due immediately and the interest is 10%.
If you dont pay after 10 years, the interest you have accrued will be added into the original principal, and then you will be charged 10% on top of that... And your creditor can reapply for the balance to stay on the books. it also shows up on your credit report.
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