Washington Collection Agencies
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One way to recover more from your delinquent accounts is to hire Washington collection agencies. Washington collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, Washington collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a Washington 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 Washington collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most Washington 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 Washington collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Auburn, Bellevue, Bellingham, Bremerton, Edmonds, Everett, Federal Way, Kennewick, Kent, Kirkland, Lakewood, Olympia, Redmond, Renton, Richland, Seattle, Shoreline, Spokane, Tacoma, Vancouver and other Washington cities.
Washington Collection Laws
The following is a summary of the Washington 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 Washington Collection Laws page, and we assume no liability for its use.
- Washington Collection Laws Interest Rate
Legal: 12%
Judgment: 12% - Washington Collection Laws Statute Of Limitations (Years)
Open account: 3
Written Contract: 6
Domestic Judgment: 10
Foreign Judgment: 10
- Washington Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Lesser of check amount or 12% interest, collection costs up to $40. If taken to court, reasonable attorney's fees, 3 x value, or up to $300. Now have 6 years to enforce a bad check - Washington Collection Laws General Garnishment Exemptions
Greater of 75% or $64 wk. (40 x state minimum hourly wage) - Washington Collection Laws Collection Agency Bond & Licensing Rules
Bond: $6000 general, $4000 specialty
License: Yes
Fee:
$100 - Investigation
$100 - Original
$100 - Renewable
$50 - Branch Office
Exemption for out-of-state collectors: Contact state authorities. Out-of-state agencies may qualify for lesser licensing fees. Out-of-state collectors are no longer required to have resident office and instate trust accounts if they don't have instate client. Bond is not required if held in home state.
We hope that this information on Washington Collection Agencies assists you in finding a Washington collection agency and researching Washington collection laws.
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