North Dakota Collection Agencies
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One way to recover more from your delinquent accounts is to hire North Dakota collection agencies. North Dakota collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, North Dakota collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a North Dakota 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 North Dakota collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most North Dakota 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 North Dakota collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Fargo, Bismarck, Grand Forks, Minot, Mandan, Dickinson, Jamestown, West Fargo, Williston, Wahpeton and other North Dakota cities.
North Dakota Collection Laws
The following is a summary of the North Dakota 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 North Dakota Collection Laws page, and we assume no liability for its use.
- North Dakota Collection Laws Interest Rate
Legal: 6%
Judgment: 12% - North Dakota Collection Laws Statute Of Limitations (Years)
Open account for services: 6
Sale of Goods: 4
Written Contract: 6
Domestic Judgment: 10 renewable
Foreign Judgment: 10 renewable
- North Dakota Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Amount due, collection fees of $20, and $100 or 3x check whichever is less - North Dakota Collection Laws General Garnishment Exemptions
Greater of 75% or amount each wk. = to 40 x Federal minimum hourly wage, plus $20.00 each household dependent - North Dakota Collection Laws Collection Agency Bond & Licensing Rules
Bond: $20,000
License: Yes
Fee: $200
Exemption for out-of-state collectors: Out-of-state collectors may be exempt if [1] collecting only; [2] their office is located in a state that has a reciprocal law; and [3] the state has "enacted similar legislation".
We hope that this information on North Dakota Collection Agencies assists you in finding a North Dakota collection agency and researching North Dakota collection laws.
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