Michigan Statute of Limitations

Every Michigan Collection Agency may collect files in Ann Arbor, Dearborn, Detroit, Flint, Grand Rapids, Lansing, Livonia, Sterling Heights, Warren, and Westland. Fidelity Information Corporation is a nationally recognized collection agency successfully collecting in every state including Michigan.

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

STATE: MICHIGAN

Interest Rate

• Legal: 5%
• Judgment: 7.162% changes semi-anually
• Usury Limit: 25%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Account: 6
• Written Contract: 6
• Sales (UCC) Contract: 4
• Domestic Judgment: 10 renewable
• Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
Twice the amount of check, no to exceed $500. Retail Claims - Notice Requirements.

GENERAL GARNISHMENT EXEMPTIONS
See federal law.