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Illinois Collection Agency

Rapid Recovery Locations
Chicago

Chicago, IL 60602

Chicago, IL 60611

Chicago, IL 60601

Chicago, IL 60631

Chicago, IL 60666

Chicago, IL 60018

Chicago, IL 60603

Chicago, IL 60606

Deerfield

Deerfield, IL 60015

Lisle

Lisle, IL 60532

Northbrook

Northbrook, IL 60062

Oak Brook

Oake Brook, IL 60523

Oak Brook Terrace, IL 60181

Park Ridge

Park Ridge, IL 60068

Schaumburg

Schaumburg, IL 60008

Schaumburg, IL 60173

St. Charles

St. Charles, IL 60174

Warrenville

Warrenville, IL 60555

Westchester, IL 60154




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One way to recover more from your delinquent accounts is to hire a Illinois Collection Agency. Rapid Recovery, a Collection Agency with offices in Chicago, Aurora, and Rockford, can locate debtors and collect the money owed to your business, practice or facility. If used early, Rapid Recovery Solution can often recover a meaningful portion of your unpaid accounts.

In addition to increasing your chances of actually getting paid, using Rapid Recovery Solution can save you a lot time and money — two of your most valuable resources. With their custom-designed debt collection systems, computers and software, Rapid Recovery Solution can be more effective in recovering delinquent accounts than you can. Rapid Recovery Solution is most likely to collect on your files if placed in the 60-90 days from the date the money was due.

Rapid Recovery Solution is a National Collection Agency handling Illinois debtors in these cities: Addison, Alton, Arlington Heights, Aurora, Bartlett, Belleville, Berwyn, Bloomington, Bolingbrook, Buffalo Grove, Burbank, Calumet, Carol Stream, Carpentersville, Chicago, Joliet, Naperville, Peoria, Rockford, Springfield and other Illinois cities.



Illinois Collection Laws

The following is a summary of the Illinois Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise. We make no warranty, express or implied concerning any information contained on this Illinois Collection Laws page, and we assume no liability for its use.


Illinois Collection Laws Interest Rate

Legal: 5%
Judgment: 9%


Illinois Collection Laws Statute Of Limitations (Years)

Sales (UCC): 4
Open account: 5
Written Contract: 10
Domestic Judgment: 20
Foreign Judgment: Same as foreign jurisdiction


Illinois Collection Laws Bad Check Laws
(NSF) (Civil Penalty)

Triple check amount up to $500, attorney fees & court costs


Illinois Collection Laws General Garnishment Exemptions

15% of gross wages or disposable earnings for workweek up to 45 x Federal minimum hourly wage, whichever is greater


Illinois Collection Laws Collection Agency Bond & Licensing Rules

Bond: $25,000
License: Yes
Fee:
$750 - Original
$750 - Renewal
Exemption for out-of-state collectors: Out-of-state collectors may be exempt if [1] not soliciting accounts in Illinois; [2] their state of residence has laws which provide similar reciprocity (allow out-of-state agencies to collect only); and [3] the state in which the non-Illinois agency resides extends the same privileges to out-of-state agencies.



Rapid Recovery hopes that this information assists you in finding a Illinois Collection Agency and researching Illinois collection laws.