Ohio Collection Agencies
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One way to recover more from your delinquent accounts is to hire Ohio collection agencies. Ohio collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Ohio collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Ohio 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 Ohio collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Ohio 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 Ohio collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Akron, Canton, Cincinnati, Cleveland, Cleveland Heights, Columbus, Cuyahoga Falls, Dayton, Elyria, Euclid, Hamilton, Kettering, Lakewood, Lorain, Mansfield, Mentor, Middletown, Parma, Springfield, Toledo and other Ohio cities.
Ohio Collection Laws
The following is a summary of the Ohio 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 Ohio Collection Laws page, and we assume no liability for its use.
- Ohio Collection Laws Interest Rate
Legal: 10%
Judgment: 10% - Ohio Collection Laws Statute Of Limitations (Years)
Open account: 4
Sales Contract (UCC2-725)
Written Contract: 15
Domestic Judgment: 21 renew every 5
Foreign Judgment: 21 renew every 5
- Ohio Collection Laws Bad Check Laws (NSF) (Civil Penalty)
The greater of $200 or three times the amount of check and attorney fees (no maximum) - Ohio Collection Laws General Garnishment Exemptions
See federal law - garnishment limited to once a month per employee
- Ohio Collection Laws Collection Agency Bond & Licensing Rules
Bond: No
License: No
Fee: No
We hope that this information on Ohio Collection Agencies assists you in finding a Ohio collection agency and researching Ohio collection laws.
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