Courts: The Judicial Branch of California
A family law
money judgment will last until paid in full or satisfied in some other way. Unlike other money judgments (where the person who is owed the money has to renew the judgment every 10 years), family law money judgments do NOT expire. So you do not have to file a request for renewal of the judgment. Your court order will be valid until paid in full.
Money judgments accumulate interest at the legal rate of 10% per year. The interest accumulates daily. So, for example, if you have a judgment for $10,000 and you get no payments for the first year, the interest that would accumulate would be $1,000 after 1 year, or $2.74 per day.
In some cases, you may decide to renew your judgment. The reason to do this is that when you renew a judgment, you update the amount that you are owed to add the accumulated interest and costs you have incurred since the judgment was entered, plus show credit for any partial payments that have been made.
All the interest, costs, plus the unpaid principal are added together, and it becomes the new principal. This means that the accumulated interest and costs become part of the principal, and future interest will accumulate on a higher amount and will be higher.
For example: if you have a judgment for $10,000, the yearly interest would be $1,000. After 9 years, you would be owed $10,000 plus $9,000 if you had not received any payments along the way. If you do not renew your judgment, there will continue to be $1,000 in interest added yearly. But if you renew after 9 years, the new principal becomes $19,000, which means that the yearly interest, after renewal, would be $1,900 ($900 more per year than if you had not renewed the judgment).