Florida Collection Agencies
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One way to recover more from your delinquent accounts is to hire Florida collection agencies. Florida collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Florida collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Florida 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 Florida collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Florida 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 Florida collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Cape Coral, Clearwater, Coral Springs, Fort Lauderdale, Hialeah, Hollywood, Jacksonville, Miami, Miramar, North Miami, Orlando, Pembroke Pines, Plantation, Pompano Beach, Port St. Lucie, St. Petersburg, Sunrise, Tallahassee, Tampa, West Palm Beach and other Florida cities.
Florida Collection Laws
The following is a summary of the Florida 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 Florida Collection Laws page, and we assume no liability for its use.
- Florida Collection Laws Interest Rate
Legal: 10%
Judgment: 10% or up to 18% if contractual - Florida Collection Laws Statute Of Limitations (Years)
Open account: 4
Written Contract: 5
Domestic Judgment: 7 Renewable
Foreign Judgment: 5 if not recorded instate
- Florida Collection Laws Bad Check Laws (NSF) (Civil Penalty)
After 30 day demand-treble amount in addition to amount owed, bank & court costs & reasonable attorney fees - Florida Collection Laws General Garnishment Exemptions
See federal law except: 100% head of household.
Liberal Homestead Exemption - 1st $1,000 of automobile
- Florida Collection Laws Collection Agency Bond & Licensing Rules
Bond: Yes - $50,000 (Commercial)
License: Yes
Fee: Yes
$200 - Registration
$50 - Investigation
$200 - Renewal
Exemption for out-of-state collectors: Registration is required for out-of-state collectors if [1] soliciting accounts; [2] if client (creditor, its affiliate or subsidiary) has an office in Florida.
We hope that this information on Florida Collection Agencies assists you in finding a Florida collection agency and researching Florida collection laws.
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