Choosing an Idaho Collection Agency
Successfully collecting on your delinquent accounts is easiest when you work with a collection agency that’s familiar with the ins and outs of Idaho collection law. An Idaho collection agency can dramatically improve your chances of a successful debt recovery.
In order to boost your chances of collecting unpaid debts, you’ll want to contact a qualified debt collection agency immediately once you have doubts about an account. Time isn’t on your side when collecting in Idaho; it’s important to work with debt collectors who will go to work for you immediately.
Idaho Collection Laws Interest Rate
| Legal: | 12% |
| Judgment: | 10.875% |
Idaho Collection Laws Statute Of Limitations
| Open Account: | 4 years |
| Oral Contract: | 4 years |
| Written Contract: | 5 years |
| Domestic Judgment: | 5 years, renewable |
| Foreign Judgment: | 6 years, renewable |
Idaho Collection Laws Bad Check Laws (NSF) (Civil Penalty)
| Triple amount of check up to $500 over the check amount |
Idaho Collection Laws General Garnishment Exemptions
| See federal law. |
Idaho Collection Laws Collection Agency Bond & Licensing Rules
| Bond: | $5,000 initial |
| License: | Yes |
| Fee: | $100, $50 renewal |
| Exemption for out-of-state collectors: Out-of-state collectors may qualify for a special license if [1] only collecting for client; and [2] are licensed and bonded by any state. | |
Disclaimer: While we strive to keep our state resource data accurate and up-to-date, the information contained on this page is provided without any warranty (expressed or implied), and should not be considered legal advice. We assume no liability for its use.
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