Successfully collecting on your delinquent accounts is easiest when you work with a collection agency that’s familiar with the ins and outs of Kentucky collection law. A Kentucky collection agency can dramatically improve your chances of a successful debt recovery.
Time is of the essence when it comes to Kentucky collections. For the best chances of a successful recovery, it’s important to contact a qualified debt collection agency at the first sign of trouble.
It’s important to choose a collection agency that can offer you personalized attention and care. Summit AR is a great choice for Kentucky accounts receivable. We service every major city in Kentucky, including Lexington-Fayette, Louisville, Lexington, Owensboro, Bowling Green, Covington, Richmond, Hopkinsville, Henderson, and Frankfort.
Kentucky Collection Laws Interest Rate
Kentucky Collection Laws Statute Of Limitations
|Open Account:||5 years|
|Written Contract:||15 years|
|Oral Contract:||5 years|
|Domestic Judgment:||15 years|
|Foreign Judgment:||15 years|
Kentucky Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Kentucky Collection Laws General Garnishment Exemptions
|75% of disposable income or 30 times the federal minimum hourly wage (whichever is greater)|
Kentucky Collection Laws Collection Agency Bond & Licensing Rules
If you’re looking for a collection agency that knows Kentucky, contact Summit AR today for fast, friendly, and effective results.
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.