Georgia Debt Collection Laws and Statutes

Georgia Debt Collection Laws and Statutes

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

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

STATE: GEORGIA

Interest Rate

  • Legal: 7%
  • Judgment: Prime + 3%
  • Commercial Accounts: 18%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 4
  • Written Contract: 6
  • Domestic Judgment: 7
  • Foreign Judgment: 5

BAD CHECK LAWS (CIVIL PENALTY)

After 10 day written demand double damages up to $500 and service charge of $25 or 5%, whichever is greater.

GENERAL GARNISHMENT EXEMPTIONS

See federal law. City, County & State employees may be garnished.

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