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Collecting debt in the state of Alaska can often be a challenge for businesses of any size. Working with a collection agency that knows Alaska collection laws can go a long way toward improving your chances of a successful debt recovery.
It’s important to choose a collection agency that can offer you personalized attention and care. Summit AR is a great choice for Alaska accounts receivable. We service every major city in Alaska, including Anchorage, Juneau, Fairbanks, Sitka, Ketchikan, Kenai, Kodiak, Bethel, Wasilla, and Barrow.
Time is of the essence when it comes to Alaska collections. For the best chances of a successful recovery, it’s important to contact a qualified debt collection agency at the first sign of trouble.
Alaska Collection Laws Interest Rate
| Legal: | 10.5% |
| Judgment: | 10.5% or contractual |
Alaska Collection Laws Statute Of Limitations
| Sale of Goods: | 4 years |
| Written Contract: | 6 years |
| Domestic Judgment: | 10 years |
| Foreign Judgment: | 10 years |
Alaska Collection Laws Bad Check Laws (NSF) (Civil Penalty)
| Damages in amount equal to $100 or triple the amount of the check whichever is greater. But no more than $1000 over the amount of the check. |
Alaska Collection Laws General Garnishment Exemptions
| 75% of employee’s weekly net income or $402.50 whichever is more. |
Alaska Collection Laws Collection Agency Bond & Licensing Rules
| Bond: | $5,000 |
| License: | Yes |
| Fee: | $100 application, $200 agency biennially |
If you’re looking for a collection agency that knows Alaska, contact Summit AR today for fast, friendly, and effective results.
Disclaimer: While we strive to keep our state resource data accurate and up-to-date, the information contained on this page is provided without any warranty (expressed or implied), and should not be considered legal advice. We assume no liability for its use.
Convert more aged receivables into bottom-line revenue.
Our experienced collections specialists provide the best of both worlds: collection rates up to double the industry average, but with a delicate touch to protect your company’s relationships and good name. Schedule a free no-obligation consultation and learn how Summit A•R can put your balance sheets back in the black.
