
| Locations in Wisconsin |
| Brookfield Brookfield, WI 53005 Glendale Glendale, WI 53217 Milwaukee Milwaukee, WI 53202 |
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Wisconsin Collection Laws The following is a summary of the Wisconsin 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 Wisconsin Collection Laws page, and we assume no liability for its use. Wisconsin Collection Laws Interest Rate Legal: 5% Judgment: 12% Wisconsin Collection Laws Statute Of Limitations (Years) Open account: 6 Written Contract: 6 Domestic Judgment: 20 Foreign Judgment: 20 Wisconsin Collection Laws Bad Check Laws (NSF) (Civil Penalty) Amount of check plus actual damages + exemplary damages up to three times value of check. Limited to $300 Wisconsin Collection Laws General Garnishment Exemptions 80% of net pay Wisconsin Collection Laws Collection Agency Bond & Licensing Rules Bond: $15,000 minimum 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. Rapid Recovery hopes that this information assists you in finding a Wisconsin Collection Agency and researching Wisconsin collection laws. |