Nebraska Commercial Collection Agency
Nebraska, like every other state, has statute of limitations and various other laws that help determine a deadline when it comes to filing a lawsuit or other civil actions. This page will provide information related to Nebraska including: state economy, unemployment rate, state debt and statute of limitations. All information included is provided by recent case studies or other industry experts.
Statute of limitation laws are mandatory time limits that the legal system put into place to provide a general fairness and practicality when it comes to filing a lawsuit. Nebraska’s statute of limitations can range from one to five years depending on the nature of the lawsuit. (FindLaw.com)
Between 2011 and 2013, the median annual household income was approximately $55,107 in Nebraska. That amount was the highest among surrounding states. In 2013, the unemployment rate in Nebraska was 3.9 percent. One year later, it dropped to 3.6 percent. (BallotPedia.org)
In 2014, it was reported that Nebraska had a state debt of $13.1 billion. The state debt per capita was $7,081. This state debt was determined after reviewing four components: market-valued unfunded public pension liabilities, outstanding government debt, unfunded other post-employment benefit liabilities and outstanding unemployment trust fund loans. (BallotPedia.org)
In September 2015, Nebraska was ranked 6th best in the country in “taxpayer surplus,” a term used when a state has sufficient resources to pay their bills and how much each taxpayer would receive if the state disbursed excess funds. In 2015, Nebraska had a taxpayer surplus of $2,800. (BallotPedia.org)
Prestige Services, Inc. (PSI) works to ensure quality debt collection that works within Nebraska’s collection laws whether that means staying up to date on collection licenses, industry news, and economy data within the state.
Check Laws by Cities in Nebraska
SUMMARY OF NEBRASKA COLLECTION LAWS*
INTEREST RATE
Legal: 12% per written instrument or contract rate – Judgment 2% above the bond investment yield of the 28 week U.S. Treasury Bill
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct: 4 – Written Contract 5 – Domestic Judgment 5 renewable every 5 – Foreign Judgment 5 non-renewable
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, costs, protest fees
GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% disposable earnings (85% if head of household), or 30x fed. Minimum hourly wage..
* 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.
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