Illinois Statute of Limitations

Every Illinois Collection Agency may collect files in Aurora, Chicago, Cicero, Elgin, Joliet, Naperville, Peoria, Rockford, Springfield, and Waukegan. Fidelity Information Corporation is a nationally recognized collection agency successfully collecting in every state including Illinois.

Recover your delinquent accounts through an Illinois Collection Agency Service. Illinois collection agency services can locate debtors and collect the money owed to your business, practice or facility. Using Fidelity Information Corporation or OldDebts as your Illinois collection agency service can save you time and money.

With our custom-designed debt collection system, our collection agency can be more effective in recovering delinquent accounts, after more than 31 days have passed. We offer two ways to collect, which are our contingency method or our low flat fee instead of a percentage.

Following is some important information on Illinois state debt recovery laws including: Illinois Statutes, Illinois Judgments, Illinois Garnishments, Illinois Interest Rates, and Illinois Bad Check Laws.

STATE: ILLINOIS

Interest Rate

• Legal: 5%
• Judgment: 9%

STATUTE OF LIMITATIONS (IN YEARS)

• Sales (UCC): 4
• Construction Cases: 4
• Open Account: 5
• Written Contract: 10
• Domestic Judgment: 20
• Foreign Judgment: Same as foregin jurisdiction

BAD CHECK LAWS (CIVIL PENALTY)
Triple check amount up to $500, attorney fees & court costs.

GENERAL GARNISHMENT EXEMPTIONS
15% of gross wages or disposable earings for workweek up to 45 x fed. min. hourly wage, whichever is greater.