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Minnesota Invoice Guard™s Statute of Limitations

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


Interest Rate

  • Legal: 6%
  • Judgment: 5% for 2007 changes anually
  • Business or Agricultural Loan: 4.5% over federal discount rate


  • Goods Sold & Delivered (UCC): 4
  • Contract for Sale: 4
  • Lease Contract: 4
  • Note Payable: 6
  • Open Account: 6
  • Written Contract: 6
  • Transportation Service: 3
  • Domestic Judgment: 10
  • Foreign Judgment: 10


$100 or up to 100% of the value of the check, whichever is greater, plus interest at the rate payable on judgments on the face amount of check, plus reasonable attorney fees if aggregate amount of checks within 6 month period os over $1250.


Greater of 75% or amount = to 40 x fed. min. hourly wage.

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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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    "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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