New Jersey Statute of Limitations

Every New Jersey Collection Agency may collect files in Camden, Dover, Edison, Elizabeth, Hamilton, Jersey City, Newark, Paterson, Trenton, and Woodbridge. Fidelity Information Corporation is a nationally recognized collection agency successfully collecting in every state including New Jersey.

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

STATE: NEW JERSEY

Interest Rate

• Legal: up to 30% - as provided for by contract
• Judgment: Changes yearly. In 2007 - 4% on judgments up to %15,000. On judgments in excess of $15,000, an additional 2% is added to the interest rate.

STATUTE OF LIMITATIONS (IN YEARS)

• Open Account: 6
• Sale of Goods: 4
• Written Contract: 6
• Domestic Judgment: 20
• Foreign Judgment: 20
• Auto Deficiency: 4

BAD CHECK LAWS (CIVIL PENALTY)
Face amount of the check plus 3x the face value of the check, with the civil penalty not to exceed $500.

GENERAL GARNISHMENT EXEMPTIONS
$154.50 week min. 10% of gross earnings $154.50 & over.