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Tennessee Invoice Guard™s Statute of Limitations
Below you will find important information on Tennessee state debt recovery laws including: Tennessee Statutes, Judgments, Garnishments, Interest Rates, and 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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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
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."Read More
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