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Successfully collecting on your delinquent accounts is easiest when you work with a collection agency that’s familiar with the ins and outs of Kentucky collection law. A Kentucky collection agency can dramatically improve your chances of a successful debt recovery.
Time is of the essence when it comes to Kentucky collections. For the best chances of a successful recovery, it’s important to contact a qualified debt collection agency at the first sign of trouble.
It’s important to choose a collection agency that can offer you personalized attention and care. Summit AR is a great choice for Kentucky accounts receivable. We service every major city in Kentucky, including Lexington-Fayette, Louisville, Lexington, Owensboro, Bowling Green, Covington, Richmond, Hopkinsville, Henderson, and Frankfort.
Kentucky Collection Laws Interest Rate
| Legal: | 8% |
| Judgment: | 12% |
Kentucky Collection Laws Statute Of Limitations
| Open Account: | 5 years |
| Written Contract: | 15 years |
| Oral Contract: | 5 years |
| Domestic Judgment: | 15 years |
| Foreign Judgment: | 15 years |
Kentucky Collection Laws Bad Check Laws (NSF) (Civil Penalty)
| not available |
Kentucky Collection Laws General Garnishment Exemptions
| 75% of disposable income or 30 times the federal minimum hourly wage (whichever is greater) |
Kentucky Collection Laws Collection Agency Bond & Licensing Rules
| Bond: | No |
| License: | No |
| Fee: | No |
If you’re looking for a collection agency that knows Kentucky, contact Summit AR today for fast, friendly, and effective results.
Disclaimer: While we strive to keep our state resource data accurate and up-to-date, the information contained on this page is provided without any warranty (expressed or implied), and should not be considered legal advice. We assume no liability for its use.
Convert more aged receivables into bottom-line revenue.
Our experienced collections specialists provide the best of both worlds: collection rates up to double the industry average, but with a delicate touch to protect your company’s relationships and good name. Schedule a free no-obligation consultation and learn how Summit A•R can put your balance sheets back in the black.
