Alabama Collection Agency Laws

Alabama Collection Agency Laws that regulate debt collections.

The Creditors Guide To Alabama Collection Laws

Following is a some important information on Alabama Collection Laws including: Alabama Statutes, Alabama Judgments, Alabama Garnishments, Alabama Interest Rates, Alabama Bad Check Laws and Alabama Collection Agency Requirements. Please be sure that you check the Alabama State website for the latest updates to the Alabama Collection Agency Laws.

INTEREST RATE

• Legal: 6%
• Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 3
• Written Contract: 6
• Domestic Judgment: 20
• Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)
Greater of $10 or Actual Bank Charges

GENERAL GARNISHMENT EXEMPTIONS
75% of wages are exempt from garnishment

COLLECTION AGENCY BOND & LICENSE

• Bond: No
• License: Yes
• Fee:
  • $25 - Population under 20,000
  • $100 - Population over 20,000
• Exemption for out-of-state collectors: Business License not required for out-of-state agency.

Recommended Alabama Collection Agency Listings:

Alabama Collection Agency
Debt-Collection-Laws.com offers you a directory of the top ranked debt collection agencies in the United States by state.

Please note this website site not intended to give legal advice and may not be complete or up to date with the most current Alabama collection laws changes.

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