How do I calculate the amount of interest owed on a small claims court judgment?

In South Carolina, interest on a small claims court judgment is calculated according to the rules of the state’s Supreme Court. Interest is only due on judgments that are more than thirty days overdue and is calculated from the date of the judgment. The interest rate for judgments in South Carolina is set at eight percent annually. To calculate the amount of interest due on a small claims court judgment, you should first determine the total amount of the original judgment. Then, calculate the number of days the judgment has gone unpaid. Once you have these two numbers, you can calculate the interest owed by multiplying the judgment amount by the number of days past the due date, multiplied by the interest rate (8%). For example, if a judgment was for $1,000 and it was 60 days delinquent, you would calculate the interest owed as follows: ($1,000 x 60 days x .08 interest rate) = $480 in interest owed. If you need more help calculating the amount of interest due on a small claims court judgment, you can contact the Clerk of Court’s office in the county where your case was heard. They can provide assistance and help answer any questions you may have about calculating interest on a small claims court judgment.

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