Missouri Collection Agencies
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One way to recover more from your delinquent accounts is to hire Missouri collection agencies. Missouri collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Missouri collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Missouri 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 Missouri collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Missouri 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 Missouri collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Ballwin, Blue Springs, Cape Girardeau, Chesterfield, Columbia, Florissant, Independence, Jefferson City, Joplin, Kansas City, Lee's Summit, Oakville, Raytown, Springfield, St. Charles, St. Joseph, St. Peters, St. Louis, University City, Wildwood and other Missouri cities.
Missouri Collection Laws
The following is a summary of the Missouri 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 Missouri Collection Laws page, and we assume no liability for its use.
- Missouri Collection Laws Interest Rate
Legal: 9%
Judgment: 9% - Missouri Collection Laws Statute Of Limitations (Years)
Sale of Goods: 4
Open account: 5
Written Contract: 10
Money & Property:
Domestic Judgment: 10 (Revived every 3 years)
Foreign Judgment: 10 (Revived every 3 years)
- Missouri Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Three times face amount owed or $100 whichever is greater not to exceed $500 (exclusive of attorney fees)
- Missouri Collection Laws General Garnishment Exemptions
See federal law; exempt 90% of week's net pay, head of household, single person w/o depend. = 75% - Missouri Collection Laws Collection Agency Bond & Licensing Rules
Bond: No
License: No
Fee: No
We hope that this information on Missouri Collection Agencies assists you in finding a Missouri collection agency and researching Missouri collection laws.
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