Attorneys

Connecticut Collections-Creditors Rights FAQs

• Q: What Does It Cost For A Collection Agency Bond & License?
  A: Bond: $5000 License: Yes Fee:  $200 Yearly  $50 Investigation More
• Q: Which debts are most likely to be settled for less than payment-in-full?
  A: Most unsecured debts can be settled. An unsecured debt is a debt where there is no collateral. Unsecured debts include medical bills, credit cards, department store … More
• Q: What Is The Debt Collection Statute Of Limitations?
  A: Open Acct. 6 Years ­ Written Contract 6 Years ­ Oral Contract 3 Years ­ Domestic Judgments 20/25 Years ­ Small Claims Judgment 20 Years ­ Foreign … More
• Q: What Are The General Garnishment Exemptions?
  A: 25% may be garnished of disposable earnings each week, or 40 x fed. Min. hourly wage, whichever is less.
• Q: Do Collectors Have Only A Certain Amount Of Time To Sue For Payments?
  A: The first thing to do is determine if the statute of limitations for collecting a debt in your state has passed. If the debt is older than the statute of limitations, … More

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