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Wisconsin Collection Agency



Account Adjustment Bureau or AAB should be your Wisconsin Collection Agency. We are a commercial debt collection agency that has been in business for over four decades and we provide reasonable rates on commercial debt in Wisconsin. We are fully insured and our sophisticated collection technology makes us the natural choice to be your Wisconsin collection agency.

In Wisconsin there are many different rates in place for different types of loans. The 5 percent usury rate or cap does not apply to loans that are made from a corporation, a bank or a savings and loan to an individual. There are a whole set of other regulations that pertain to commercial and other types of loans in Wisconsin.

A Wisconsin collection agency has to screen new client agreements to make sure interest rates stated are legal in Wisconsin. The laws in Wisconsin can be severe if the interest rates charged are too high. When it comes to commercial agreements or contracts in Wisconsin, it is advisable to seek legal advice and for collections retain a competent Wisconsin collection agency.

Below you will find summary information on Wisconsin Collection Agency regulations and Laws to consider that affect a Wisconsin collection agency. These points should be considered when placing commercial debt for collection with a Wisconsin collection agency.

Wisconsin Collection Laws



NOTE: The Wisconsin collection information below is summary in nature and subject to change. While we make every effort to insure accuracy, the information provided should not be considered legal advice or to be one hundred percent accurate. No warranty is expressed or implied and AAB assumes no liability for its use.

Wisconsin Collection Interest Rates



Wisconsin Legal Rate: 5% per annum
Contract Rate: Numerous exceptions
Corporate Rate: No special rate
Judgment Rate: 12% (exceptions exist)
Usury % Cap: 5% (Numerous exceptions)

A Wisconsin collection agency can only apply interest rates as stated above.

Wisconsin Statute of Limitations



Contracts: 6 Years
Domestic Judgment: 10 Years
Foreign Judgment: 6 Years

Bad or NSF Check collection charges in Wisconsin


In Wisconsin: A collection agency is not allowed to charge the debtor any fee, handling charge, mileage costs or other out-of-pocket expenses incurred in the collection of any account. A fee not to exceed the lesser of $25 or 3% of the payment amount, not including the fee, may be added to the account of a debtor when the debtor makes a payment using a credit card.

Wisconsin Collection Agency Laws


Wisconsin Collection Agency Licensing: Yes
Exception: A nonresident of Wisconsin is not required to obtain a collection agency license if that person conducts collection business with state residents solely by means of interstate telecommunications or interstate mail.
Bond: $25,000 to $35,000
Trust Account: Required

The Information above on commercial debt collections and Wisconsin Collection Agency Laws is provided for potential Clients researching for a new Wisconsin collection agency. We encourage interested Clients to request a freeconsultation on our services when considering AAB as your Wisconsin Collection Agency .
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