New York Collection Agencies
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One way to recover more from your delinquent accounts is to hire New York collection agencies. New York collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, New York collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a New York 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 New York collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most New York 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 New York collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Albany, Brentwood, Buffalo, Cheektowaga, Hempstead, Irondequoit, Levittown, Mount Vernon, New Rochelle, New York, Niagara Falls, Rochester, Schenectady, Syracuse, Tonawanda, Troy, Utica, West Seneca, White Plains, Yonkers and other New York cities.
New York Collection Laws
The following is a summary of the New York 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 New York Collection Laws page, and we assume no liability for its use.
- New York Collection Laws Interest Rate
Legal: 16%
Judgment: 9% - New York Collection Laws Statute Of Limitations (Years)
Open account: 6
Written Contract: 6
Domestic Judgment: 20 (1 0 yr. renewable lien)
Foreign Judgment: 20 (1 0 yr. renewable lien)
- New York Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Face value of check plus two times check amount up to a maximum of $400 on NSF or $750 on "no account" (demand prescribed by law) GEN.OB.1.1-104 - New York Collection Laws General Garnishment Exemptions
90% of earnings, except 1st $127.50 wk. wholly exempt - New York Collection Laws Collection Agency Bond & Licensing Rules
Bond: No
License: No
Fee: No
Buffalo: $5,000 Bond - $50 fee
NYC: License - $150 - 2 yr. fee
We hope that this information on New York Collection Agencies assists you in finding a New York collection agency and researching New York collection laws.
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