Washington Commercial Collection Agency
Washington, like every other state in the United States, 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 Washington including: state economy, unemployment rate, state debt and statute of limitations. All information included is provided by recent case studies or other credible resources.
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. Washington’s statute of limitations can range from three to 10 years depending on the case. Debt collection has a six-year limit in Washington. (FindLaw.com)
According to a 2014 report, Washington’s state debt was projected at $89.6 billion. It’s state debt per capita was $12,988. In 2015, Washington was ranked as the 22nd worst in the country in “taxpayer burden,” a term that is used to describe how much every taxpayer would need to send their state’s treasury for the state to become debt-free. With the number of unfunded retirement benefits included in the debt, Washington’s state debt climbed to $20.1 billion, leaving a taxpayer burden of $8,500. (Ballotpedia.org)
In 2013, Washington’s median annual household income was $60,520. Most Washington residents earned incomes that were 400 percent above the federal poverty level. In 2014, the state’s unemployment rate was 5.7 percent, just 0.2 points below the national average. (Ballotpedia.org)
Prestige Services, Inc. (PSI) works to ensure quality debt collection that works within Washington’s collection laws whether that means staying up to date on collection licenses, industry news, and economy data within the state.
SUMMARY OF WASHINGTON COLLECTION LAWS*
Legal: 12% – Judgment 12%
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct: 6 – Written Contract 6 – Domestic Judgment 10 renewable – Foreign Judgment 10 renewable
BAD CHECK LAWS (CIVIL PENALTY)
Interest at rate specified in instrument or, if no specified rate, 12% interest plus collection costs up to $40. If taken to court, reasonable attorney’s fees, 3 x value, or up to $800. Have 6 years to enforce a bad check.
GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% or $206 wk. (30 x state min. 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.
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.