Wisconsin Collection Agencies
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One way to recover more from your delinquent accounts is to hire Wisconsin collection agencies. Wisconsin collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Wisconsin collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Wisconsin collection agency can save you a lot time and money � two of your most valuable resources. With their custom-designed debt collection systems, computers and software, a Wisconsin collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Wisconsin collection agencies can charge between 30 to 50 percent of what they recover, you still end up with more than you probably could have collected on your own. There are also Wisconsin collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Appleton, Beloit, Brookfield, Eau Claire, Font du Lac, Franklin, Green Bay, Greenfield, Janesville, Kenosha, La Crosse, Madison, Milwaukee, New Berlin, Oshkosh, Racine, Sheboygan, Waukesha, Wausau, Wauwatosa and other Wisconsin cities.
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.
We hope that this information on Wisconsin Collection Agencies assists you in finding a Wisconsin collection agency and researching Wisconsin collection laws.
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