Bookmark This Site
Keep up with our Tips



Tip of the Day RSS Feed
Fresh Collection Agency Tips Daily


Sponsor Program
Our tips are powerful.
Our writers are experts.
Our results are guaranteed.

 

Listen to our Radio Show
Hot topics for both consumers
and webmarketers
on WebmasterRadio.FM

Every Wednesday, 4PM Eastern.

 

Wisconsin Collection Agency Laws

Following is some important information on Wisconsin state debt recovery laws including: Wisconsin Statutes, Wisconsin Judgments, Wisconsin Garnishments, Wisconsin Interest Rates, Wisconsin Bad Check Laws and Wisconsin Collection Agency Requirements. INTEREST RATE Legal: 5% Judgment: 12% STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 6 Written Contract: 6 Domestic Judgment: 20 Foreign Judgment: 20 BAD CHECK LAWS (CIVIL PENALTY) Amount of check plus actual damages + exemplary damages up to three times value of check. Limited to $300. GENERAL GARNISHMENT EXEMPTIONS 80% of net pay. COLLECTION AGENCY BOND & LICENSE Bond: $15,000 min. License: Yes Fee: $1000 - Investigation $200 - Annual Exemption for out-of-state collectors: Out-of-state agencies do not need to be licensed if [1] collecting by interstate means (phone, fax, mail); and [2] collecting for an out-of-state client.

Comments

Nobody has commented on this tip yet. Be the first.

Name:


URL: (optional)


Comment:




Learn more about our Exclusive Program we offer our clients.
 
Founded in 2000, LifeTips offers fresh tips and advice to millions of readers.
Become a Guru on a topic you're an expert in.
Become a Sponsor and keep the tips flowing and traffic going to your website!
Privacy Guaranteed.
Satisfaction Required.