Contact Us
(480) 418-9633

Professional, Successful, Intuitive

Connecticut

Connecticut Commercial Collection Agency

In Connecticut, residents with debt are protected with a variety of Connecticut laws and statutes of limitations, to regulate how creditors and debt collectors pursue lawsuits and debt collection. At Prestige Services, Inc., our goal is to provide you with helpful Connecticut economic data and collection laws, including: statute of limitations, interest rates, collection agency bond/license data, and state debt and spending factors.

In an attempt to combat debt and successfully fund aspects in Connecticut, lawmakers and public officials are elected to manage the state’s budget and finances. Between 2014 and 2015, total Connecticut spending increased from $26.3 billion to $27.7 billion. Of the $27.7 billion, state funds counted for approximately $21.7 billion and federal funds included almost $6 billion. The average person in Connecticut spent about $7,700 in 2015. (BallotPedia.org)

Although Connecticut debt numbers haven’t been updated since 2012, its numbers represent similar data in recent years, as well as the consistent implementation of state debt collection laws and statutes of limitations. State debt in 2012 was more than $112 billion, with a per capita debt of $31,200 and earning a per capita debt ranking of 3. Despite this per capita debt in 2012, the Connecticut credit rating has been AA from 2004 – 2014. (BallotPedia.org)

There are several collection acts in place to protect residents in and around Connecticut. One important law is the Creditor’s Collection Practices Act, which prohibits creditors from engaging in abusive, harassing, fraudulent, deceptive, or misleading debt collection practices. If a creditor happens to violate the Creditor’s Collection Practices Act, debtors can file a lawsuit in Connecticut against the creditor, which might award debtors with actual damages, additional damages at most $1,000, and any attorney’s fees and court costs (Nolo.com).

Check Laws by Cities in Connecticut

SUMMARY OF CONNECTICUT COLLECTION LAWS*

INTEREST RATE
Legal: 8% – Judgment 10%

STATUTE OF LIMITATIONS (IN YEARS)
Open Acct: 6 – Written Contract 6 – Oral Contract 3 – Domestic Judgment 20/25 – Small Claims Judgment 10/15 – Foreign Judgment 20

BAD CHECK LAWS (CIVIL PENALTY)
Personal liability of signatory on corporate claims unless signed in corporate capacity.

GENERAL GARNISHMENT EXEMPTIONS
25% you may garnish disposable earnings each week, or 40 x fed. mm. hourly wage, whichever is less.

COLLECTION AGENCY BOND & LICENSE
Bond: $5000 – License: Yes – Fee: $200 Yearly $50 Investigation

* These are not comprehensive statutes and therefore PSICollect.com and Prestige Services, Inc. disclaims any liability resulting from reliance by any party upon the legality and accuracy of the contents thereof.

Below is a list of the states in the US that we cover. We are a nationwide operation and service all states, as well as Canada & Mexico.

Alabama

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

District of Columbia

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

Nebraska

Nevada

New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

West Virginia

Wisconsin

Wyoming

Puerto Rico