Without a doubt about business collection agencies Laws in Michigan

Without a doubt about business collection agencies Laws in Michigan

The Fact About commercial collection agency in Michigan plus the Statute of Limitation

  • In accordance with Michigan legislation, your creditor has around 6 years (through the date of the final repayment) to collect for a debt, including getting a judgment in the financial obligation.
    • Through getting a judgment, your creditor can pursue collections (most likely a garnishment) almost indefinitely so long as they renew the judgment every ten years.
    • The statue of restrictions not any longer is applicable in the event the creditor gets a judgment or standard judgment and keeps it active by renewing it.