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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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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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