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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.
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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.
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