Louisiana Collection Agencies
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One way to recover more from your delinquent accounts is to hire Louisiana collection agencies. Louisiana collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Louisiana collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Louisiana 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 Louisiana collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Louisiana 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 Louisiana collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Alexandria, Baton Rouge, Bossier City, Chalmette, Harvey, Houma, Kenner, Lafayette, Lake Charles, Laplace, Marrero, Metairie, Monroe, New Iberia, New Orleans, Opelousas, Ruston, Shreveport, Slidell, Sulphur and other Louisiana cities.
Louisiana Collection Laws
The following is a summary of the Louisiana 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 Louisiana Collection Laws page, and we assume no liability for its use.
- Louisiana Collection Laws Interest Rate
Legal: 9.75%
Judgment: 9.75%
- Louisiana Collection Laws Statute Of Limitations (Years)
Open account: 3
Written Contract: 10
Promissory Notes: 5
Domestic Judgment: 10
Foreign Judgment: 10
- Louisiana Collection Laws Bad Check Laws (NSF) (Civil Penalty)
After 30 day written demand (certified or registered), twice check amount. Attorney fees & court costs - Louisiana Collection Laws General Garnishment Exemptions
75% disposable earnings per work week, but not less than 30 x Federal minimum hourly wage - Louisiana Collection Laws Collection Agency Bond & Licensing Rules
Bond: Yes - $10,000
License: Yes
Fee:
$200 Initial
$200 Investigation
$200 Renewal
$100 Branch
$100 Branch Renewal
We hope that this information on Louisiana Collection Agencies assists you in finding a Louisiana collection agency and researching Louisiana collection laws.
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