Texas Statute of Limitations

Every Texas Collection Agency may collect files in Arlington, Austin, Corpus Christi, Dallas, El Paso, Fort Worth, Garland, Houston, Plano, and San Antonio. Fidelity Information Corporation is a nationally recognized collection agency successfully collecting in every state including Texas.

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

STATE: TEXAS

Interest Rate

• Legal: 6%
  • Agreement: can charge up to 18%
  • No Agreement: statuory interest of 6% begins to run 30th day after becoming due
• Judgment: 8.25% (effective 2007) Always consult cousel to charge interst - Texas has very onerous usury laws & penalties.

STATUTE OF LIMITATIONS (IN YEARS)

• Open Account: 4
• Written Contract: 4
• Promissory Note: 6
• Domestic Judgment: 10 Renewable
• Foreign Judgment: 10 Renewable

BAD CHECK LAWS (CIVIL PENALTY)
N/A

GENERAL GARNISHMENT EXEMPTIONS
100% of wages.