Tennessee Statute of Limitations

Tennessee Collection Agency Laws

Every Tennessee Collection Agency may collect files in Chattanooga, Clarksville, Davidson, Franklin, Jackson, Johnson City, Kingsport, Knoxville, Memphis, Murfreesboro, and Nashville.

Recover your delinquent accounts through an Tennessee Collection Agency Service. Tennessee collection agency services can locate debtors and collect the money owed to your business, practice or facility. Using a Tennessee 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 Tennessee state debt recovery laws including: Tennessee Statutes, Tennessee Judgments, Tennessee Garnishments, Tennessee Interest Rates, and Tennessee Bad Check Laws.


STATE: TENNESSEE

Interest Rate

  • Legal: 10%
  • Judgment: 10% (or contract rate, whichever is greater)

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 6
  • Written Contract: 6
  • Domestic Judgment: 10
  • Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
Treble damages up to $500 + 10% interest & reasonable service charges, attorney fees.

GENERAL GARNISHMENT EXEMPTIONS
See federal law. Add $2.50 per week for dependent child under 16.


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