Wisconsin Collection Agency Laws

Wisconsin Collection Agency Laws that regulate debt collection.

The Creditors Guide To Wisconsin Collection Laws

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

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 valueof 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.

Recommended Wisconsin Collection Agency Listings:

WisconsinCollection 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 Wisconsin collection laws changes.

Find A Collection Agency

Federal Collection Laws

State Collection Laws

Collection Law Resources

Collection Laws Blog

Collection Laws Articles

Legal Dictionary

Collection Laws Home