Arkansas Collection Agencies
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One way to recover more from your delinquent accounts is to hire Arkansas collection agencies. Arkansas collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Arkansas collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Arkansas collection agency can save you a lot time and money � two of your most valuable resources. With their custom-designed debt collection systems, computers and software, a Arkansas collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Arkansas collection agencies can charge between 30 to 50 percent of what they recover, you still end up with more than you probably could have collected on your own. There are also Arkansas collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Benton, Blytheville, Conway, El Dorado, Fayetteville, Fort Smith, Hot Springs, Jacksonville, Jonesboro, Little Rock, North Little Rock, Paragould, Pine Bluff, Rogers, Russellville, Searcy, Sherwood, Springdale, Texarkana, Van Buren and other Arkansas cities.
Arkansas Collection Laws
The following is a summary of the Arkansas Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise. We make no warranty, express or implied concerning any information contained on this Arkansas Collection Laws page, and we assume no liability for its use.
- Arkansas Collection Laws Interest Rate
Legal: 6% or 5 points above the Federal discount rate
Judgment: Contract rate or 10% per annum whichever is greater
- Arkansas Collection Laws Statute Of Limitations (Years)
Open account: 3
Written Contract: 5 (partial payment stops the statute from running)
Sale of Goods: (UCC-2) - 4
Domestic Judgment: 10 - Renewable
Foreign Judgment: 10
- Arkansas Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Twice amount of check - prior to double charge - can start out with $15 charge per NSF check after 30 days.
- Arkansas Collection Laws General Garnishment Exemptions
$500 head of family; $200 single. Includes personal property except clothing.
- Arkansas Collection Laws Collection Agency Bond & Licensing Rules
Bond: $5000 to $25000
License: Yes
Fee: $125 - $5 each employee
We hope that this information on Arkansas Collection Agencies assists you in finding a Arkansas collection agency and researching Arkansas collection laws.
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