West Virginia Collection Agencies
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One way to recover more from your delinquent accounts is to hire West Virginia collection agencies. West Virginia collection agencies can locate debtors and collect the money owed to your business, practice or facility. If used early, West Virginia collection agencies can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using a West Virginia 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 West Virginia collection agency can be more effective in recovering delinquent accounts than you can, after more than 60-90 days have passed.
Although most West Virginia 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 West Virginia collection agency services that charge a low flat fee instead of a higher percentage. Collection coverage in these: Beckley, Bluefield, Bridgeport, Charleston, Clarksburg, Dunbar, Fairmont, Huntington, Martinsburg, Morgantown, Moundsville, Parkersburg, South Charleston, St. Albans, Vienna, Weirton, Wheeling and other West Virginia cities.
West Virginia Collection Laws
The following is a summary of the West Virginia 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 West Virginia Collection Laws page, and we assume no liability for its use.
- West Virginia Collection Laws Interest Rate
Legal: 6%
Judgment: 10% - West Virginia Collection Laws Statute Of Limitations (Years)
Open account: 5
Written Contract: 10
Domestic Judgment: 10
Foreign Judgment: 10
- West Virginia Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Amount due, service charge up to $10. If check is under $500.00 = misdemeanor. Over $500.00 is a felony - West Virginia Collection Laws General Garnishment Exemptions
See West VA code 38-5A-3-Employees withhold 20% of disposable income or 30x the minimum hourly rate, whichever is less and other exemptions apply - West Virginia Collection Laws Collection Agency Bond & Licensing Rules
Bond: $5,000
License: Yes - Franchise Reg. Cert.
Fee: $15 Annual
Exemption for out-of-state collectors: Contact state authorities. Some out-of-state agencies may be exempt if they are only collecting for out-of-state clients.
We hope that this information on West Virginia Collection Agencies assists you in finding a West Virginia collection agency and researching West Virginia collection laws.
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