Missouri Debt Collection Laws and Statutes

Missouri Debt Collection Laws and Statutes

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

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

STATE: MISSOURI

Interest Rate

  • Legal: 9%
  • Judgment: 9%

STATUTE OF LIMITATIONS (IN YEARS)

  • Sale of Goods: 4
  • Open Account: 5
  • Written Contract: 10
  • Sales (UCC) Contract: 4
  • Money & Property:
  • Domestic Judgment: 10 (revived every 10 years)
  • Foreign Judgment: 10 (revived every 10 years)

BAD CHECK LAWS (CIVIL PENALTY)

Three times face amount owed plus attorney’s fees.

GENERAL GARNISHMENT EXEMPTIONS

See federal law; exempt 90% of week’s pay, head of household, single person w/o dependable = 75%.

Comments are closed.