Successfully collecting on your delinquent accounts is easiest when you work with a collection agency that’s familiar with the ins and outs of Delaware collection law. A Delaware collection agency can dramatically improve your chances of a successful debt recovery.
In order to 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 Delaware; 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 Delaware businesses. Whether you’re based in Wilmington, Dover, Newark, Pike Creek, Bear, Brookside, Hockessin, Glasgow, Claymont, or North Star, getting started — and started soon — with a Delaware debt collection agency is a smart business move.
Delaware Collection Laws Interest Rate
|Legal:||Fed. Discount Rate plus 5 points|
|Judgment:||Fed. Discount Rate plus 5 points|
Delaware Collection Laws Statute Of Limitations
|Sale of Goods:||4 years|
|Open Account:||4 years|
|Written Contract:||3 years|
|Domestic Judgment:||No provision|
|Foreign Judgment:||No provision|
Delaware Collection Laws Bad Check Laws (NSF) (Civil Penalty)
|Amount due, cost of suit, protest fees|
Delaware Collection Laws General Garnishment Exemptions
|85% of disposable earnings or disposable earnings minus $150 weekly according to schedule|
Delaware Collection Laws Collection Agency Bond & Licensing Rules
If you’re looking for a collection agency that knows Delaware, 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.
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