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Michigan Invoice Guard™s Statute of Limitations

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


Interest Rate

  • Legal: 5% (7% if in writing)
  • Usury Limit: 25%
  • Judgment: 1% over the US Treasury nore (it changes Jan. 1 & July 1) unless there is a contract in which event the rate of interest is governed by the contract.


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


Twice the amount of check, no to exceed $500. Retail Claims – Notice Requirements.


See federal law.

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    "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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