Texas Appellate Lawyer & Attorney : D. Todd Smith Law Firm : Appeals, Sanctions, Summary Judgment : Austin, Texas

I found another free interest calculator through JudgmentCenter.com, which offers training courses on how to make money collecting judgments.  I ran some hypotheticals, and this calculator seems more accurate than the one linked in the previous post.  (For that reason, I am substituting this one in the "Useful Links" section on the home page.)  The key, of course, is knowing the current judgment interest rate, which is published in the Texas Credit Letter, available through the the "Interest Rates" link on the Office of Consumer Credit Commissioner's web site.

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A judgment-collection outfit called the National Judgment Network has a free online interest calculator that may come in handy when you need to calculate interest for purposes of preparing a final judgment, supersedeas bond, etc.  I wouldn't rely on it exclusively, but it looks like it might be a good place to start.  The calculator now appears in the "Useful Links" section on the upper right portion of this blog's home page.

Update:  On closer inspection, this calculator seems to figure compound interest (which is inconsistent with Texas law) and the rate is also outdated.  See the next post for what looks like a better alternative.

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