Maine Statute of Limitations

Every Maine Collection Agency may collect files in Auburn, Augusta, Bangor, Biddeford, Brunswick, Lewiston, Portland, Sanford, Scarborough, and South Portland. Fidelity Information Corporation is a nationally recognized collection agency successfully collecting in every state including Maine.

Recover your delinquent accounts through an Maine Collection Agency Service. Maine 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 Maine 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 Maine state debt recovery laws including: Maine Statutes, Maine Judgments, Maine Garnishments, Maine Interest Rates, and Maine Bad Check Laws.

STATE: MAINE

Interest Rate

• Legal: T-Bill rate + 3%
• Judgment: T-Bill Rate + 6% (4.36% for 2006) (4.99% for 2007)

STATUTE OF LIMITATIONS (IN YEARS)

• Open Account: 6
• Sale of Goods: 4
• Written Contract: 6 + 20 (with attestment)
• Domestic Judgment: 20
• Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, court costs, service costs & collection costs.

GENERAL GARNISHMENT EXEMPTIONS
You may garnish 25% of disposable income or the amount by which a debtor's income exceeds the minimum wage, whichever is less; after judgment only.