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The fastest, most successful way to collect an unpaid debt successfully and quickly is to work with a collection agency that knows your state’s unique collection laws. Hiring a Wyoming collection agency — or a national agency which has experts on Wyoming collections law on staff — can dramatically boost your chances of successfully collecting on your unpaid account.
Wyoming Collection Laws Interest Rate
| Legal: | 7% |
| Judgment: | 10% or contract rate |
Wyoming Collection Laws Statute Of Limitations
| Open Account: | 8 years |
| Written Contract: | 10 years |
| Domestic Judgment: | 5 years |
| Foreign Judgment: | 5 years |
Wyoming Collection Laws Bad Check Laws (NSF) (Civil Penalty)
| Double the face amount plus damages equal to collection cost and reasonable attorney fees |
Wyoming Collection Laws General Garnishment Exemptions
| See Federal law for consumer credit sale, lease or loan. Up to 65% for child support arrearage |
Wyoming Collection Laws Collection Agency Bond & Licensing Rules
| Bond: | $10,000 |
| License: | Yes |
| Fee: | $200 – Original, $100 – Renewal, $100 – Branch |
| Exemption for out-of-state collectors: Out-of-state agencies may bypass licensing if they are not [1] soliciting clients in Wyoming; or [2] collecting for Wyoming creditors. | |
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.
