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Researching your options for debt collection can be a daunting task. Collection laws in Wisconsin are complex, so it makes sense to work with a collection agency that knows Wisconsin.
Summit AR is a licensed, bonded and insured national debt recovery agency specializing in the unique accounts receivable issues that can plague businesses of any size. Our team includes experts on Wisconsin debt law who can tackle even the most challenging cases.
We assist our clients collect in any corner of Wisconsin, including Milwaukee, Madison, Green Bay, Kenosha, Racine, Appleton, Waukesha, Oshkosh, Eau Claire, and Janesville. Contact us today to get your case started.
Wisconsin Collection Laws Interest Rate
| Legal: | 5% |
| Judgment: | 12% |
Wisconsin Collection Laws Statute Of Limitations
| Open Account: | 6 years |
| Written Contract: | 6 years |
| Domestic Judgment: | 20 years |
| Foreign Judgment: | 20 years |
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. | |
If you’re looking for a collection agency that knows Wisconsin, 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.
Convert more aged receivables into bottom-line revenue.
Our experienced collections specialists provide the best of both worlds: collection rates up to double the industry average, but with a delicate touch to protect your company’s relationships and good name. Schedule a free no-obligation consultation and learn how Summit A•R can put your balance sheets back in the black.
