Colorado Collection Agencies
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One way to recover more from your delinquent accounts is to hire Colorado collection agencies. Colorado collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Colorado collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Colorado 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 Colorado collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Colorado 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 Colorado collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Arvada, Aurora, Boulder, Broomfield, Colorado Springs, Denver, Englewood, Fort Collins, Grand Junction, Golden, Greeley, Lafayette, Lakewood, Littleton, Longmont, Loveland, Northglenn, Parker, Pueblo, Westminster, Wheatridge and other Colorado cities.
Colorado Collection Laws
The following is a summary of the Colorado 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 Colorado Collection Laws page, and we assume no liability for its use.
- Colorado Collection Laws Interest Rate
Legal: 8%
Judgment: 8% (or higher if specified in contract or note) - Colorado Collection Laws Statute Of Limitations (Years)
Open account: 3
Written Contract: 6 (signed promissory note)
Written Contract Goods Services: 3
Domestic Judgment
District Court-20 (renewable every 20)
County Court-6 (renewable every 6)
Foreign Judgment: 6 in CO
- Colorado Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Treble Damages & Reasonable Fees - Colorado Collection Laws General Garnishment Exemptions
See federal law - Colorado Collection Laws Collection Agency Bond & Licensing Rules
Bond: $12,000 - 20,000
License: Yes
Fee: Determined by collection agency board
Exemption for out-of-state collectors: Out of state collectors are exempt if [1] collecting only by interstate means (phone, fax, mail); [2] have no Colorado client; and [3] are regulated and licensed in the state in which they reside.
We hope that this information on Colorado Collection Agencies assists you in finding a Colorado collection agency and researching Colorado collection laws.
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