Collecting debt in the state of Arizona can often be an uphill battle if you go it alone. Working with a collection agency that knows Arizona collection laws can go a long way toward improving your chances of a successful debt recovery.
In order to further boost your chances of collecting unpaid debts, you’ll want to contact a qualified debt collection agency immediately once you have doubts about an account. Time isn’t on your side when collecting in Arizona; it’s important to work with debt collectors who will go to work for you immediately.
Granted, professional debt collection may seem expensive, but when you consider the value of the time you’ll spend pursuing an unpaid account yourself, working with a collection agency usually makes financial sense for Arizona businesses. Whether you’re based in Phoenix, Tuscon, Mesa, Glendale, Scottsdale, Chandler, Tempe, Gilbert, Peoria, Yuma, getting started — and started soon — with an Arizona debt collection agency is a smart business move.
Arizona Collection Laws Interest Rate
|Judgment:||10% or contractual|
Arizona Collection Laws Statute Of Limitations
|Sale of Goods:||3 years|
|Written Contract:||6 years|
|Domestic Judgment:||5 years|
|Foreign Judgment:||4 years|
Arizona Collection Laws Bad Check Laws (NSF) (Civil Penalty)
|Twice the amount of check, costs of suit, reasonable attorney fees.|
Arizona Collection Laws General Garnishment Exemptions
|Per federal law.|
Arizona Collection Laws Collection Agency Bond & Licensing Rules
|Fee:||$1500 application, $600 annual fee|
If you’re looking for a collection agency that knows Arizona, 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.