Alabama Debt Collection Laws and Statutes

Alabama Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Alabama.

Below you will find important information on Alabama state debt recovery laws including: Alabama Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: ALABAMA

Interest Rate

  • Legal: 6%
  • Judgment: 12% (Unless otherwise contracted)

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 3
  • Written Contract: 6
  • Domestic Judgment: 20
  • Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)

Greater of $10 or Actual Bank Charges

GENERAL GARNISHMENT EXEMPTIONS

75% of wages are exempt from garnishment.

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