Maine Collection Agencies
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One way to recover more from your delinquent accounts is to hire Maine collection agencies. Maine collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Maine collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Maine 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 Maine collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Maine 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 Maine collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Arvada, Aurora, Boulder, Broomfield, Maine Springs, Denver, Englewood, Fort Collins, Grand Junction, Greeley, Lafayette, Lakewood, Littleton, Longmont, Loveland, Northglenn, Parker, Pueblo, Westminster, Wheatridge and other Maine cities.
Maine Collection Laws
The following is a summary of the Maine 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 Maine Collection Laws page, and we assume no liability for its use.
- Maine Collection Laws Interest Rate
Legal: 8%
Post Judgment: 15% annual (less than $30,000) T-Bill rate over $30,000
- Maine Collection Laws Statute Of Limitations (Years)
Open account: 6
Written Contract: 6 + 20 (with attestment) Domestic Judgment: 20
Foreign Judgment: 20
- Maine Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Amount due, court costs, service costs & collection costs - Maine Collection Laws General Garnishment Exemptions
You may garnish 25% of disposable income or 40 times the federal minimum wages per week (whichever is less) After judgment only. - Maine Collection Laws Collection Agency Bond & Licensing Rules
Bond: $25,000 to $50,000
License: Yes
Fee: $400 Yearly
Exemption for out-of-state collectors: Contact state authority. Licensing authority is allowing some exemptions to out-of-state agencies that collect for nonresident creditors and are not soliciting.
We hope that this information on Maine Collection Agencies assists you in finding a Maine collection agency and researching Maine collection laws.
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