Massachusetts Collection Agencies
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One way to recover more from your delinquent accounts is to hire Massachusetts collection agencies. Massachusetts collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Massachusetts collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Massachusetts 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 Massachusetts collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Massachusetts 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 Massachusetts collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Boston, Brockton, Brookline, Cambridge, Chicopee, Fall River, Framingham, Haverhill, Lowell, Lynn, Malden, Medford, New Bedford, Newton, Quincy, Somerville, Springfield, Taunton, Waltham, Worcester and other Massachusetts cities.
Massachusetts Collection Laws
The following is a summary of the Massachusetts 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 Massachusetts Collection Laws page, and we assume no liability for its use.
- Massachusetts Collection Laws Interest Rate
Legal: 6%
Judgment: 12%
Contract: 12% - Massachusetts Collection Laws Statute Of Limitations (Years)
Open account on Contract: 6
Contract: 6
Sales (UCC) Contract: 4
Domestic Judgment: 20 (presumed satisfied after 20 years)
Foreign Judgment: 20
Contracts Under Seal: 20
- Massachusetts Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Amount due, costs of suit, protest fees
Additional damages $100 - $500 can be assessed - Massachusetts Collection Laws General Garnishment Exemptions
$125 week
- Massachusetts Collection Laws Collection Agency Bond & Licensing Rules
Bond: $10,000 - $25,000
License: Yes
Fee: Determined by commissioner
We hope that this information on Massachusetts Collection Agencies assists you in finding a Massachusetts collection agency and researching Massachusetts collection laws.
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