Friday, 10 August 2012 13:29

USA Debt Recovery - Statute of Limitations by State

Continuing our series of articles on debt collection in the USA, this article covers the Statute of Limitations and Interest Rates on a state by state basis. This article is based on a recent review conducted by our American Debt Collection partner via their network of state based debt collection attorneys.

Before considering legal proceedings to recover an business debt in America we would recommend you first read the preceding three articles in this series.

Part 1 - USA Debt Collection Procedures

Part 2 - Ten Questions to ask before Suing a Debtor in the USA

Part 3 - USA Debt Collection - Court Witnesses

As individual states have the power to pass local legislation at any time some of the information below may now no longer be correct and is provided as guidance only. If your company is considering legal action to collect a debt in the USA you must always speak to an experienced and ethical local attorney.


  • Open Account = Standard credit account with no securities or guarantees
  • Oral Agreement = A verbal contract. Note never offer credit on a verbal contract.
  • Written Contract = A credit account usually backed up by a guarantee or letter of credit.


Please remember the above is provided as guidance only and must not be relied upon as legal advice as individual states may have made amendments to their legislation in the interim.

If your company is considering legal action to recover a B2B Debt in the USA why not contact us and find out how we can help you avoid unnecessary and expensive litigation.

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