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Illinois Invoice Guard™s Statute of Limitations

Below you will find important information on Illinois state debt recovery laws including: Illinois Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: ILLINOIS

Interest Rate

  • Legal: 5%
  • Judgment: 9%

STATUTE OF LIMITATIONS (IN YEARS)

  • Sales (UCC): 4
  • Construction Cases: 4
  • Open Account: 5
  • Written Contract: 10
  • Domestic Judgment: 20
  • Foreign Judgment: Same as foregin jurisdiction

BAD CHECK LAWS (CIVIL PENALTY)

Triple check amount up to $500, attorney fees & court costs.

GENERAL GARNISHMENT EXEMPTIONS

15% of gross wages or disposable earings for workweek up to 45 x fed. min. hourly wage, whichever is greater.

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Fixed Rate Collections makes it a common practice to speak directly with any potential clients wishing to gain access to the Fixed Rate Collections debt collection network. To get the signup process started, please fill out the form below and we will contact you within 12 business hours, or you may contact us immediately at 1-321-319-4131

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Testimonials

"As a small businessman, I need all my money just to make ends meet. Using Invoice Guard™ has saved me money. As soon as I turned the account over to them, they called my Debtor and he brought a check right over to me."   Read More "Our company thinks your program is fantastic. As a contractor, we always have issues with our payables. You guys are the best! It’s nice to find a product that really is a great value."
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